Becker Beverages Company had net sales of $320,000 for the year. The beginning inventory at retail was $65,620, a mid-year inventory amounted to $60,800, and the ending inventory was $63,300.
A)What was the average inventory for the year?
B)What was the actual inventory turnover rate at retail for the year?

Question

Quizplus · Accepted Answer

The Answer of Becker Beverages Company had net sales of $320,000 for the year. The beginning inventory at retail was $65,620, a mid-year inventory amounted to $60,800, and the ending inventory was $63,300.
A)What was the average inventory for the year?
B)What was the actual inventory turnover rate at retail for the year?

Becker Beverages Company Had Net Sales of $320,000 for the Year