Question
The net sales for Casual Fashions, Inc. last year amounted to $1,126,800 and the average inventory at retail was $212,604. The published inventory turnover at
The net sales for Casual Fashions, Inc. last year amounted to $1,126,800 and the average inventory at retail was $212,604. The published inventory turnover at retail is 6. Calculate the inventory turnover at retail, and if it is less than the published rate, calculate the target average inventory at retail.
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Financial Accounting Theory And Analysis Text Reading And Cases
Authors: Richard G. Schroeder, Jack M. Cathey, Myrtle W. Clark
7th Edition
0471379549, 9780471379546
