As part of the "getting started with archery" presentation you have planned for the local hunting and gaming club, you plan a live demonstration complete with targets. although the audience's main focus is outdoor sports, members will be seated along tables in the club's only meeting room, which is small and crowded. as a speaker, you have failed to consider:

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)