Spinit Company made sales of $28,000 million during 2021. Cost of goods sold for the year totaled $12.600 million. At th

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Spinit Company made sales of $28,000 million during 2021. Cost of goods sold for the year totaled $12.600 million. At th

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Spinit Company Made Sales Of 28 000 Million During 2021 Cost Of Goods Sold For The Year Totaled 12 600 Million At Th 1
Spinit Company Made Sales Of 28 000 Million During 2021 Cost Of Goods Sold For The Year Totaled 12 600 Million At Th 1 (12.09 KiB) Viewed 27 times
Spinit Company made sales of $28,000 million during 2021. Cost of goods sold for the year totaled $12.600 million. At the end of 2020, Spirit's inventory stood at $1,100 million, and Spirit ended 2021 with inventory of $1,700 milion Compute Spirits gross profit percentage and rate of inventory turnover for 2021. Degin by computing Spirits gross profit percentage for 2021. (Round your answer to the nearest tenth of a percent XX%) Spint's gross profit percentage for 2021 is Now compute Spirits rate of inventory tumover for 2021. (Round your answer to one decimal place) Spirit's rate of inventory tumover for 2021 is 90 times
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