using the following information, calculate inventory turnover ratio, the average days in inventory, and the gross profit ratio for Howard…

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using the following information, calculate inventory turnover ratio, the average days in inventory, and the gross profit ratio for Howard Company for the year ended december 31, 2011( round to two decimal places) sales $225,00 Cost of goods $175,000 Ending inventory, December 31, 2011 $15,275 ending inventory decmber 31, 2010 $$18,750 net income $36,500

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