(SOLVED) Mountain Company made sales of 35 482 million during 2010 Cost


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$10

Mountain Company made sales of $35,482 million during 2010. Cost of goods sold for the year totaled $15,333 million. At the end of 2009, Mountains inventory stood at $1,641 million, and Mountain ended 2010 with inventory of $1,945 million.Compute Mountains gross profit percentage and rate of inventory turnover for 2010.

Answer

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