Author Question: At the start of the year, Bottom Dollar Discounters had inventory worth 197,400 at retail. On ... (Read 111 times)

Bob-Dole · **on:** Jun 24, 2018

At the start of the year, Bottom Dollar Discounters had inventory worth 197,400 at retail. On December 31, the retail value of the inventory was 318,100. If annual sales amounted to 1,907,350 find the inventory turnover at retail for the year. (Round your answer to the nearest tenth)
A) 9.7
B) 7.4
C) 6.0
D) 3.7

Question 2

The ___________________ _ price of merchandise is calculated by subtracting the amount of trade discount from the list price.
Fill in the blank(s) with correct word