The French company has a beginning inventory of $77,000 and an ending inventory of $80,000. sales were $280,000. assume French's markup rate on the selling price 40%. based on the selling price what is the inventory turnover at cost. please explain?
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French company has a beginning inventory of 77,000, and an ending inventory of $80,000.sales were $80,000.assume french's markup rate on selling price is 40%. Based on the selling price, what is the inventory turnover at cost? Round your answer to the nearest hundredht.