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    Business
  3. Study Set
    Introduction to Financial Accounting
  4. Exam
    Exam 7: Inventories and Cost of Goods Sold
  5. Question
    Financial Analysts and Managers Use the Gross Profit Percentage as a Measure
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Financial Analysts and Managers Use the Gross Profit Percentage as a Measure

Question 116

Question 116

True/False

Financial analysts and managers use the gross profit percentage as a measure of profitability and inventory turnover as a measure of efficient asset use.

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