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Your company has sales of $100 million and a gross profit margin of 55%. It has $12 million in current assets, its current ratio is
- Your company has sales of $100 million and a gross profit margin of 55%. It has $12 million in current assets, its current ratio is 1.5 and its quick ratio is 0.9. What is its inventory turnover ratio based on end-of-year balances?
1. | 10.9375 | |
2. | 5.6250 | |
3. | 20.8333 | |
4. | 9.3750 |
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