Question: E 5 - 1 5 Refer to E 5 - 1 2 and E 5 - 1 3 . After completing Star City Research's income
E Refer to E and E After completing Star City Research's income statement for the year ended December compute these ratios to evaluate Star City Research's performance: Gross margin percentage Inventory turnover ending inventory year earlier, at December was $mpare your figures with the gross margin percentage of percent and the inventory tumover e of times. Does the year trend suggest that Star City Research's profits are increasing or creasing?
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