(Answered) Question - using the profit-and-loss statement and assuming

Accounting

Question - Using the profit-and-loss statement and assuming that Westgate's beginning inventory was $11 million, ending inventory was $7 million, and total investment was $20 million including inventory, determine the following:

gross margin percentage

net profit percentage

operating expense percentage

inventory turnover rate

return on investment (ROI)

net marketing contribution

marketing return on sales (marketing ROS)

marketing return on investment (marketing ROI)

Is the Westgate division doing well? Explain your answer.

Attachment:- Profit-and-loss statement.rar

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