Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices to meet the

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Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle-, low-, and fixed-income families. All stores are located in the United States, predominantly in small towns in 24 midwestem and southeastern states. In a recent year, the company reported average inventories of $72 1 ,843,000 and an inventory turnover of 3. Average total fixed assets were $283, 142,000, and the fixed asset turnover ratio was 1 1 .4. Determine the gross margin for Dollar General.

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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