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.
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.