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Calculate the annual stock turnover rate based on the following monthly sales and inventory figures. Calculate the stock-sales ratio for each month. Month Sales Retail

Calculate the annual stock turnover rate based on the following monthly sales and inventory figures. Calculate the stock-sales ratio for each month.

Month

Sales

Retail Stock

1

$11,686

$18,979

2

$12,535

$19,226

3

$14,889

$22,678

4

$15,756

$21,991

5

$14,342

$20,698

6

$13,676

$17,834

7

$15,889

$22,793

8

$16,756

$23,545

9

$15,342

$21,698

10

$14,676

$17,438

11

$16,889

$24,678

12

$17,756

$24,545

EOM

$22,756

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