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Use the following information answer the questions below: What is the value of purchase discounts and purchase returns and allowances What is the cost of
Use the following information answer the questions below: What is the value of purchase discounts and purchase returns and allowances What is the cost of goods available for sale What is closing inventory If net sales revenue is 195625 what is the gross profit What is the gross profit percentage Calculate the Rate of Inventory Turnover (to one decimal place) Calculate Days in Inventory Ratio (rounded to whole days)
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