Calculate the gross profit ratio and inventory turnover ratio

profileadonnamariah19

The following information is from the financial statements of Abby's International Pasta Corporation

 

Requirements

1. Calcuate the gross profit ratio for the last two years shown

2. Calcuate the inventory turnover ratio for the last two years shown

3. What information do these comparisons provide?

  • 11 years ago
  • 5
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    p5-53a.xls

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