Multiple Choice
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. (Round your answer to the nearest dollar)
A) Turnover is greater
B) $178,800
C) $187,800
D) $212,500
Correct Answer:
Verified
Correct Answer:
Verified
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