If a company has sales of $10 million, a gross profit percentage of 35%, and days in

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If a company has sales of $10 million, a gross profit percentage of 35%, and days in inventory of 110, could you estimate its average inventory? Show your calculations.

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Financial Management Theory and Practice

ISBN: 978-1305632295

15th edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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Question Posted: Aug 26, 2013 04:20 AM

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If a company has sales of $10 million, a gross profit percentage of 35%, and days in

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Financial Management Theory and Practice

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