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The following information is available for Wildhorse's Activewear Inc. for three recent fiscal years. (a) Calculate the inventory turnover, days in inventory, and gross profit
The following information is available for Wildhorse's Activewear Inc. for three recent fiscal years. (a) Calculate the inventory turnover, days in inventory, and gross profit rate for 2027 and 2026. (Round inventory turnover and gross profit rate answers to 1 decimal place, e.g. 52.7 and other answers to 0 decimal places, e.g. 125. Use 365 days for calculation.)
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