Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman

Exercise 12

A Circle K convenience store had net sales of $1,350,000 for the six months ending June 30. The beginning inventory at retail was $87,300, and the ending inventory at retail was $72,100.
a. What was the average inventory at retail
b. What was the inventory turnover rounded to the nearest tenth