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The following financial information is for Alpha Corporation for the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016 Accounts Receivable

The following financial information is for Alpha Corporation for the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account

2017

2016

Accounts Receivable

$9,800

$9,400

Inventory

30,000

16,000

Net Sales (all credit)

85,000

71,000

Cost of Goods Sold

62,000

52,000

Net Income

7,200

6,900

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)

1. the inventory turnover ratio

2. number of days of inventory

3. Gross Profit Margin

4. Profit Margin

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