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