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Author Question: The current inventory turnover at retail for The Sports Authority is 4.7, based on net sales of ... (Read 104 times)

krzymel

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  • Posts: 548
on: Jun 24, 2018
The current inventory turnover at retail for The Sports Authority is 4.7, based on net sales of 3,551,130. The published inventory turnover at retail is 5.1. 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) 362,360
  B) 696,300
  C) 755,560
  D) 59,260

Question 2

What information does the following term or section of an invoice provide? Seller's Invoice Number
 A) Date of payment and cash discount
  B) Indicates what the merchandise is, including model numbers
  C) Total owed on the purchase
  D) Seller's record number of the transaction


bigcheese9

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

D


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