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West Marine, Inc., opened its first boating supply store in 1 9 7 5 . Since that time, the company has grown to be one

West Marine, Inc., opened its first boating supply store in 1975. Since that time, the company has grown to be one of the largest boating
supply companies in the world, with fiscal Year 6 revenues in excess of $640 million. The accompanying table provides financial
information for two recent years. West Marine's fiscal year is closely aligned with the calendar year. All amounts are in millions.
Using the fiscal year (annual) information for Year 5 and Year 6, calculate the gross profit margin and the inventory turnover ratio.
(Round your answers to one decimal place.)
West Marine is in a seasonal business, in which the sales total for the second and third quarters is substantially higher than the sales
total for the first and fourth quarters. Calculate the company's gross profit margin by quarter.
(Round your answers to one decimal place.)
Recalculate West Marine's inventory turnover ratios for Year 5 and Year 6 using a weighted average of the company's inventory
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