Asked by ginny

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?
Answered by Anonymous
21r
Answered by DI
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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