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Use the Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost , calculate the average
Use the
Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost calculate the average inventory in $ and inventory turnover for the following. If the actual turnover is less
than the published rate, calculate the target average inventory necessary to come up to industry standards. If the actual turnover is greater than the published rate, enter "above" for target average
inventory. Round inventories to the nearest dollar and inventory turnovers to the nearest tenth
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