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Hello hope all is well during this time, well working on this assignment I had difficulties understanding the concept. 1. Calculate the stock turnover for

Hello hope all is well during this time, well working on this assignment I had difficulties understanding the concept.

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1. Calculate the stock turnover for men's accessories for a 1 month period given the following information: $12,500 average stock at retail, $8,429 in net sales. 2. Given $454,000 in gross sales, 0.2% customer returns, beginning of month stock of $68,000, and end of month stock of 72,600, calculate the stock turnover for the month. 3. Given the data below, determine the departmental inventory turnover (at retail) for the period om January through May. Maintained Markup is 41.5% 4. Complete the following statement based on your answer for #3: For every 11] BOM EOM Sales January 1 $35,380 $34,260 $8,542 February 1 $33,260 $35,160 $9,124 March 1 $36,160 $36,890 $9,682 April 1 $35,890 $39,456 $10,209 May 1 $39,456 $38,500 $10,998 , $ of are generated. invested

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