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Thomson operates a chain of jewelry stores in upscale shopping malls throughout Arizona. Bling, on the other hand, has five discount department stores in California
Thomson operates a chain of jewelry stores in upscale shopping malls throughout Arizona. Bling, on the other hand, has five discount department stores in California and Oregon. Selected data (in thousands of dollars) from the companies' financial statements follow. Both companies had December 31 as financial year end (FYE). REOUIRED: a) Which of the two firms would probably generate a higher gross profit for each dollar of merchandise sold? Briefly explain the rationale behind your answer. b) Which of the two entities would probably move merchandise more quickly? Why? c) Given these firms' business cycles, would that natural business year most likely end on November 30, December 31 , or January 31 ? Briefly explain
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