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Sales revenue, cost of goods sold, and inventory amounts for two retailers: a . Compute the gross profit margin ( GPM ) for each company
Sales revenue, cost of goods sold, and inventory amounts for two retailers:
a Compute the gross profit margin GPM for each company for Year and Year
b Compute the inventory turnover ratio INVT and the average inventory days outstanding AIDO
for Year for each company.
Round all calculations to one decimal place.
c Which company appears to be more profitable?
d Which company appears to be more effective at managing inventory
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