Practice Exam #2

What was the inventory turnover ratio in 2004? a.2.5 times. b.1.94 times. c. 2.12 times. d.3 times. RATIOS: Debt to Asset Ratio = Total Liabilities/Total Assets. Asset Turnover Ratio = Total Sales Revenue/Avg Total Assets. Net Profit Margin = Net Income/ Total Sales Revenue. Gross Profit % = (Net Sales – COGS)/Net Sales x 100% ................
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