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
Correct Answer:
Verified
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