Dartmouth Games reported the following information for a three-year period: Instructions (a) Calculate the inventory turnover, days
Question:
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Instructions
(a) Calculate the inventory turnover, days sales in inventory, and gross profit margin for 2017 and 2016.
(b) Based on this information, does the company's liquidity appear to be improving or deteriorating?
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a 2017 2016 Inventory turnover 200 times 50000 20000 30000 2 160 times 51200 30000 34000 2 Days sale...View the full answer
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