Another way to look at the concept of inventory turnover is by measuring sales per square foot. Taking the average inventory at retail and dividing it by the number of square feet devoted to a particular product will give youaverage sales per square foot. When you multiply this figure by the inventory turnover rate, you get theannual sales per square foot.

It is important to know the amount of sales per square foot your merchandise is producing, both on average and annually. These figures should be tracked monthly and compared with industry standards for businesses of similar size and type.

You own a large multi product electronics store in a regional mall. The store has11,200square feet of selling space divided into five departments.

(a)

From the table below, calculate the average and annual sales (in $) per square foot. Then calculate the annual sales (in $) for each department and the total sales (in $) for the entire store. (Round your average and annual sales per square foot to the nearest cent. Round your annual sales for each department and total sales to the nearest dollar.)

Electron Magic?Annual SalesDepartmentSquare

Square Average Average Inventory Inventory Annual Department Feet Sales per Sales per Departmental at Retail Sq. Foot Turnover Sq. Foot Annual Sales Televisions 3,500 $155,000 $ 44.30 X 5.2 $ 230.30 X 826,800 X Surround sound 2,600 $141,000 $ 54.23 A 4.6 249.50 X 648,600 DSLR cameras 2,700 $38,500 $ 14.30 X 4.1 $ 58.50 X 157,850 Cell phones 500 $12,100 $ 24.20 X 2.3 $ 55.70 X $ 29,670 X Video gaming 1,900 $45,000 $ 23.70 X 4.7 $ 111.32 X $ 211,500 Total Sales: $ 1,874,420 X The original answers were from another tutor were wrong. They were 45,64,17, 26,35 Then 236, 295,69,59,163 and the departmental annual sales as you see. I have been trying to figure this out and at least come to the correct answers the previous tutor did get correct. I am not coming up with the same answers