Assume Staley’s had net sales of $72,000 per day, beginning inventory of $22,000, and ending inventory at retail of $18,900. What was the inventory turnover at retail?
A) 3.57
B) 3.5
C) 5.5
D) 3.0
E) None of these
Assume Staley’s had net sales of $72,000 per day, beginning inventory of $22,000, and ending inventory at retail of $18,900. What was the inventory turnover at retail?
A) 3.57
B) 3.5
C) 5.5
D) 3.0
E) None of these
