The Average Inventory at Retail for Flying Fishes Inc

Multiple Choice

The average inventory at retail for Flying Fishes Inc. was $260,510. The turnover rate at retail was 5.1, based on net sales of $1,328,600. The published inventory turnover at retail is 7. Since the actual turnover rate is less than the published rate, find the target average inventory at retail.(Round your answer to the nearest dollar)

A) $357,563
B) $260,510
C) $189,800
D) $450,310