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Accounting Equations Exam 2

  1. Profit margin
    Net income / Net sales
  2. Gross profit rate=
    Gross profit / Net sales
  3. Inventory turnover=
    COGs / Avg. Inventory
  4. Days in inventory=
    365 / Inventory turnover
Author
GoBroncos
ID
364652
Card Set
Accounting Equations Exam 2
Description
Updated

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