Using the following information,calculate the gross profit ratio,inventory turnover ratio,and the average days in inventory.
1.Gross profit ratio equals: ________
2.Inventory turnover ratio equals: ________
3.Average days in inventory equals: ________.

Question

Using the following information,calculate the gross profit ratio,inventory turnover ratio,and the average days in inventory.
  1.Gross profit ratio equals: ________
2.Inventory turnover ratio equals: ________
3.Average days in inventory equals: ________.

Quizplus · Accepted Answer

The Answer of Using the following information,calculate the gross profit ratio,inventory turnover ratio,and the average days in inventory.
  1.Gross profit ratio equals: ________
2.Inventory turnover ratio equals: ________
3.Average days in inventory equals: ________.

Using the Following Information,calculate the Gross Profit Ratio,inventory Turnover Ratio,and