Question: Brief Exercise 8-20 (Static) Ratio analysis [LO8-7] Selected financial statement data for Schmitzer Incorporated is shown below: Calculate the gross profit ratio and inventory turnover

Brief Exercise 8-20 (Static) Ratio analysis [LO8-7] Selected financial statement data

Brief Exercise 8-20 (Static) Ratio analysis [LO8-7] Selected financial statement data for Schmitzer Incorporated is shown below: Calculate the gross profit ratio and inventory turnover ratio in 2024. Note: Round your final answers to 2 decimal places

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