Author Question: Save-Mor Merchandisers had net sales of 422,300 for the year. If the beginning inventory at retail ... (Read 51 times)

sc00by25 · **on:** Jun 24, 2018

Save-Mor Merchandisers had net sales of 422,300 for the year. If the beginning inventory at retail was 250,900 and the ending inventory at retail was 171,400, find the inventory turnover at retail. (Round your answer to the nearest tenth)
A) 2.0 Times
B) 1.7 Times
C) 2.5 Times
D) 1.5 Times

Question 2

When determining the rate of increase or decrease between two amounts, first subtract the difference between the two amounts, then divide the difference by the original amount.
Indicate whether the statement is true or false