1. Calculate the annual stock turnover rate based on the following monthly sales and inventory figures....

Question

Question

Answer 1

Answer #1

Inventory Levels :-

Average Inventory = (Beginning Stock + Ending Stock)/2

= ($30000 + $19500)/2

= $49500/2

= $24750

Stock Turnover Rate = Total Sales / Average Inventory

= $183000 / $24750

= 7.39 times

Answer 2

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