A large catalog retailer of fashion apparel reported $100,000,000 in revenues over the last year. On average,

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A large catalog retailer of fashion apparel reported $100,000,000 in revenues over the last year. On average, over the same year, the company had $5,000,000 worth of inventory in its warehouses.

Assume that units in inventory are valued based on cost of goods sold (COGS) and that the retailer has a 100 percent markup on all products.

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