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    Dollar General Corporation Operates General Merchandise Stores That Feature Quality

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    Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices, targeting middle-, low-, and fixed-income families. For the 2014 fiscal year, the company reported average inventories of $2.475 billion and an inventory turnover ratio of 4.89 times. Average fixed assets were $2.08 billion with a fixed asset turnover ratio of 8.14 times.

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    Dollar General Corporation Operates General Merchandise Stores That Feature Quality

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    Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices, targeting middle-, low-, and fixed-income families. For the 2014 fiscal year, the company reported average inventories of $2.475 billion and an inventory turnover ratio of 4.89 times. Average fixed assets were $2.08 billion with a fixed asset turnover ratio of 8.14 times.

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    Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices, targeting middle-, low-, and fixed-income families. For the 2014 fiscal year, the company reported average inventories of $2.475 billion and an inventory turnover ratio of 4.89 times. Average fixed assets were $2.08 billion with a fixed asset turnover ratio of 8.14 times.

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    © All Rights Reserved
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    8 views1 page

    Dollar General Corporation Operates General Merchandise Stores That Feature Quality

    Uploaded by

    Freelance Worker
    Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices, targeting middle-, low-, and fixed-income families. For the 2014 fiscal year, the company reported average inventories of $2.475 billion and an inventory turnover ratio of 4.89 times. Average fixed assets were $2.08 billion with a fixed asset turnover ratio of 8.14 times.

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    Dollar General Corporation operates general merchandise

    stores that feature quality #2854


    Dollar General Corporation operates general merchandise stores that feature quality
    merchandise at low prices to meet the needs of middle-, low-, and fixed- income families in
    southern, eastern, and midwestern states. For the year ended January 31, 2014, the company
    reported average inventories of $ 2,475 (in millions) and an inventory turnover of 4.89. Average
    total fixed assets were $ 2,080 (million) and the fixed asset turnover ratio was 8.14.Required:1.
    Calculate Dollar General’s gross profit percentage (expressed as a percentage with one
    decimal place). What does this imply about the amount of gross profit made from each dollar of
    sales?2. Is this an improvement from the gross profit percentage of 31.7 percent earned during
    the previous year?View Solution:
    Dollar General Corporation operates general merchandise stores that feature quality

    ANSWER
    http://paperinstant.com/downloads/dollar-general-corporation-operates-general-merchandise-
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