Solved

What Net Sales Are Required to Obtain a Stockturn Rate

Question 98

Multiple Choice

What net sales are required to obtain a stockturn rate of 5--given an average inventory at cost of $100,000 and a gross margin of 50 percent?

A) $100,000
B) $1,500,000
C) $600,000
D) $1,000,000
E) $400,000

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