Calculate the gross margin ratio for each year

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Reference no: EM131491471

Question: The Quality of Gross Margins: Vitesse Semiconductor Corp. (Easy) Vitesse Semiconductor reported the following revenues and cost of goods sold for 2001- 2003 (in thousands):

Calculate the gross margin ratio (gross margin/sales) for each year. In 2001 the firm took a charge for obsolete inventory of$46.5 million and, in 2002, another $30.5 million. Explain how these charges affect the gross margin ratio in each of the three years.

Reference no: EM131491471

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