Question
Unit sales 100,000 Total sales $2,000,000 Cost of Goods Sold $500,000 Average inventory in units 10,000 Average inventory at retail $600,000 Average inventory at cost
Unit sales
100,000
Total sales
$2,000,000
Cost of Goods Sold
$500,000
Average inventory in units
10,000
Average inventory at retail
$600,000
Average inventory at cost
$100,000
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?
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Marketing Mistakes And Successes
Authors: James F. Dartley
11th Edition
978-0470169810, 0470169818
