求翻译下面段落

由于在2004年初采取了降低成本的有效措施，现在的存货周转率已上升到10倍，销售利润达到10％，远远高于以往存货率8倍、销售利润8％的平均水平。

thanks to the effective cost-cutting measure Initiated at the beginning of 2004.The inventory turnover ratio has reached ten times and the profit margin on sales 10%,well above the average of eight times and 8 percent respectively.