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This past year, Eddies Lobster Crunch Cereal Company had a Net Profit Margin of 60% and an Inventory Turnover Ratio of 5. The Net Income
This past year, Eddies Lobster Crunch Cereal Company had a Net Profit Margin of 60% and an Inventory Turnover Ratio of 5. The Net Income was $600,000, Cost of Goods Sold was $365,000, Payables were $120,000 and Receivables were $82,192.
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