Average inventory at cost: $18,127
average inventory at retail: $24,870
cost of goods sold: $46,971
retail sales: $63,410

find the stock turnover at cost. round to the nearest hundredth.

2.59

Step-by-step explanation:

Given that average inventory at cost = 18127/-

Cost of goods sold =46971

Hence stock turnover ratio at cost = cost of goods sold/average inventory

= 46971/18127 =2.59

(There is another method also to calculate stock inventory ratio

Stock inventory ratio = Retail sales/Average inventory at retail

=63410/24870

=2.5496

=2.55)

Since our question asks stock turnover at cost we get answer as

2.59

answer: i believe it’s 245.04

step-by-step explanation:

the camry sales+accord sale=828,000. to make it so the two numbers are 18 thousand apart and still equal 828,000, you first need to find out what half of 828,000 is. 828,000/2=414,000. for the two numbers to equal 828,000, you have to add the same amount as you subtract from the middle. in this case, the number is 9,000 because it's half of 18,000. to equal 828,000, you have to add 9,000 to 414,000 for the camry and subtract 9,000 from 414,000 for the accord. 414,000+9,000=423,000.

414,000-9,000=405,000.

423,000+405,000=828,000.

423,000-405,000=18,

hope it