Crane Corp. has a gross profit margin of 30.00 percent, sales of $36,000,000, and inventory of $15,000,000. What is its inventory turnover ratio? (Round answer to 2 decimal places, e. g. 15.25.)
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The following data are available for two divisions of Solomons Company. North Division South Division Division operating profit $ 6,000,000 $ 40,000,000 Division investment 30,000,000 320,000,000 The cost of capital for the company is 8 percent.
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