Calculate gross proﬁt ratio given the following information: accounts receivable = $3,500; inventory = $4,500; receivable turnover = 80 times; inventory turnover = 18 times.
A) 70%
B) 71%
C) 72%
D) 73%
E) 74%

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The Answer of Calculate gross proﬁt ratio given the following information: accounts receivable = $3,500; inventory = $4,500; receivable turnover = 80 times; inventory turnover = 18 times.
A) 70%
B) 71%
C) 72%
D) 73%
E) 74%

Calculate Gross Proﬁt Ratio Given the Following Information: Accounts Receivable