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Determine stock turnover for the four-month period, February-May, given the following Answer: 0.74 1.36 3.68 4.44 For August, planned sales are $32,000. If the planned

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Determine stock turnover for the four-month period, February-May, given the following Answer: 0.74 1.36 3.68 4.44 For August, planned sales are $32,000. If the planned Stock-to-Sales Ratio is 3.5, what should be the stock value on August 1st? Answer: $9, 143 $491, 429 $96,000 $112,000 At the beginning of the month, house wares had a retail stock of $85,000. If sales for the month were $24,000, what was the Stock-to-Sales Ratio for the month? Answer: 0.28 0.54 3.54 35.40

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