Refer to the data in E6-39B. Compute all ratio values to answer the following questions: Which

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Refer to the data in E6-39B. Compute all ratio values to answer the following questions:
• Which company has the highest and which company has the lowest gross profit percentage?
• Which company has the highest and which has the lowest rate of inventory turnover?
Based on your figures, which company appears to be the most profitable?
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Financial Accounting

ISBN: 978-0134127620

11th edition

Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz

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