Multiple Choice
The average inventory at retail for Modern Age Furniture was $1,389,008. The turnover rate at retail was 2.6, based on net sales of $3,611,420. The published inventory turnover at retail is 5.3. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)
A) $1,570,200
B) $207,400
C) $888,800
D) $681,400
Correct Answer:
Verified
Correct Answer:
Verified
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