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a party store recorded net sales of $423,400 for the year. The store's begining inventory at retail was $105,850 and its ending inventory at retail was $127,020. What would be the inventory turnover
at retail, round to the nearest tenth?
$3.6 is the answer. Inventory turnover = sales at retail/avg. inventory at retail Inventory t/o = 423,400/116,435 = 3.636363 Rounded to 3.6
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Asked 9/24/2011 12:19:38 PM
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