5 Select the correct answer from each drop-down menu.
Jeremy purchases a share in a company. What rights does he possess after the purchase?
Jeremy is a
of the company. Therefore, he gets the right to be a partial
This means when board
members declare dividends, he is entitled to
He has the right to
these shares whenever he wants. He can
also look into the company's annual reports and sue for discrepancies.
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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.)