What is their net income, If their inventory turnover is

What is their net income

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Reference no: EM132830555

Problem - Kramerica has current assets of $2.5 million, a quick ratio of 0.7 and a current ratio of 1.2. If their inventory turnover is profit margin is 5%, and cost of goods sold are 70% of sales, what is their net income?

Reference no: EM132830555

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