Multiple Choice
Save-Mor Merchandisers had net sales of $422,300 for the year. If the beginning inventory at retail was $250,900 and the ending inventory at retail was $171,400, find the inventory turnover at retail. (Round your answer to the nearest tenth)
A) 2.0 Times
B) 1.7 Times
C) 2.5 Times
D) 1.5 Times
Correct Answer:
Verified
Correct Answer:
Verified
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