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March 28, 2017

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a party suppilies store recored net sales of $423,400 for the year. the store's begining inventory at retail was $105,850 and its ending inventory inventory at retail was $127,020.what would be the inventory turnover at retail,rounded to the nearest tenth?

  • math - ,

    21r

  • math - ,

    BEGINNING INVENTORY+ENDING INVENTORY/(DEVIDED BY 2)= X. NET SALES/ DEVIDED BY X = ANSWER

    $105,850 + $127,020 = $232,870/2 =$116,435

    $423,400/$116,435= 3.63 ROUNDED TO 3.6

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