Assume that acme tools buys 100 portable generators for 425, Ask an Expert

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Assume that ACME Tools buys 100 portable generators for $425 each and then spends $1,000 in expenses for advertising, salesperson commission, and store rent. The generators sell for $695 each. ACME keeps 100 generators in stock at all times. Average annual sales are 500 generators. Calculate the following:

a. Profit margin

b. Inventory turnover

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Financial Management, Finance

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