D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried...

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Answer 1

Answer #1

Answer is option c)

As stock turnover ratio = cost of sales / average stocks held

As stock turbturn ratio is for 6 months &

6 months have 26 weeks ,

so average sales for 6 months = 72,200*26= 18,77,200

So average stocks held = 18,77,200/4 = $ 469,300

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Answer 2

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D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried...

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D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried...