PLEASE SHOW WORK

Part 1 1. Annual retail sales for Store X are $150,000 and average retail inventory is $10,000. What is annual inventory turnover? 2. Refer to the table below to answer parts a- d. a. What is inventory turnover at retail? b. What is inventory turnover at cost? c. What is inventory turnover using unit sales? d. Discussion: Why are the results from a,b, and c different? 3. What will sales be if average retail inventory is $48,000 and inventory turnover is 7.8 ? Discussion: Inventory turnover is 7.8. Does this mean the entire physical inventory has been replaced 7.8 times during the year