A merchant had a beginning inventory with a retail value of $130,000. During the year, the merchant purchased goods with a retail value of $250,000. At year-end, the merchant had inventory with a retail value of $180,000. Sales for the year were $775,000. Compute the inventory turnover at retail.

Question

A merchant had a beginning inventory with a retail value of $130,000. During the year, the merchant purchased goods with a retail value of $250,000. At year-end, the merchant had inventory with a retail value of $180,000. Sales for the year were $775,000. Compute the inventory turnover at retail.​

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The Answer of A merchant had a beginning inventory with a retail value of $130,000. During the year, the merchant purchased goods with a retail value of $250,000. At year-end, the merchant had inventory with a retail value of $180,000. Sales for the year were $775,000. Compute the inventory turnover at retail.​

A Merchant Had a Beginning Inventory with a Retail Value