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Review Kroger's 10k and determine the inventory method that they use. Why do you think they chose that method? Calculate the following ratios for your
Review Kroger's 10k and determine the inventory method that they use. Why do you think they chose that method? Calculate the following ratios for your company:
- Gross profit (cost of goods sold/total revenue)
- Net Profit Margin (net income/Total revenue)
- Inventory Turn (cost of goods sold/Inventory)
- Days Sales (3665/Inventory Turn)
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
