Bud's Blooms takes inventory quarterly and bases inventory on selling price. Beginning inventory for the year was $264,500. Inventory at the end of the first quarter was $267,200; at the end of the second quarter, $271,000; at the end of the third quarter, $273,000; and at the end of the year, $265,300. Net sales for the year equal $777,780. Compute the inventory turnover at retail.

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The Answer of Bud's Blooms takes inventory quarterly and bases inventory on selling price. Beginning inventory for the year was $264,500. Inventory at the end of the first quarter was $267,200; at the end of the second quarter, $271,000; at the end of the third quarter, $273,000; and at the end of the year, $265,300. Net sales for the year equal $777,780. Compute the inventory turnover at retail.

Bud's Blooms Takes Inventory Quarterly and Bases Inventory on Selling