A company has an account receivable turnover ratio of 4, an inventory turnover ratio of 6 in 360 days of operation. Assuming that all its capital is borrowed with an interest rate of 28%, what should be its markup to make a 30% return on capital after debt servicing? (Round your answer to the nearest integer)

The required markup is ---------?

Answer rating: 100% (QA)

Account receivable Turnover ratio is Sales Account Receivable is 4 Inventory T... View the full answer