March 29, 2017

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a store recorded net sales of 423,400 for the year.the store's beginning inventory at retail was105,850 and it's ending inventory was127,020.
what would be the inventory turnover at retailrounded to the nearest tenth? i have no idea what i am doing.

  • math - ,

    Ending Inventory------127,020
    Beginning Inventory---105,850
    Diff. = Turnover-------21,170 Sold

    Net Sales-------------423,400
    Divided by Units sold--21,170
    Per Unit Cost--------------20

    I don't know if this is what you need.

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