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Required: a-1. Compute the gross profit percentage for both years. Note: Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%. a-2.
Required: a-1. Compute the gross profit percentage for both years. Note: Round your percentage answers to the nearest whole number. i.e. 0.1234 as 12%. a-2. Compute the inventory turnover for both years. Note: Round your answers to 1 decimal place. a-3. Compute the accounts receivable turnover for both years. Note: Round your answers to 1 decimal place. b. Which of the following show a favorable or unfavorable trend
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