Dollarama is the leading dollar store operator in Canada with over 800 locations in all provinces. In

Question:

Dollarama is the leading dollar store operator in Canada with over 800 locations in all provinces. In a recent year, the company reported average inventories of $ 287.6 million and an of 3.49. Average total fixed assets were $ 162.5 million, and the fixed ratio was 9.86. Determine the gross profit for Dollarama.
Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.