Margaret Company has the following information available for the current year:
Industry Averages available are:
How do the inventory turnover and gross profit percentage for Margaret Company compare to the industry averages for the same ratios?
A) Margaret Company has superior gross profit percentage and inventory turnover.
B) Margaret Company has superior gross profit percentage and inferior inventory turnover.
C) Margaret Company has inferior gross profit percentage and superior inventory turnover.
D) Margarent Company has inferior gross profit percentage and inventory turnover.
Correct Answer:
Verified
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