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What was gross margin

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Reference no: EM132982181

Question - Net accounts receivable on December 31, 2019 900,000Net accounts receivable on December 31, 2020 1,000,000

AR Turnover 5 times

Inventory on Decemner 31, 2019 1,100,000

Inventory on Decemner 31, 2020 1,200,000

Required - What was Gross Margin for 2020?

Reference no: EM132982181

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