A restaurant had a beginning inventory at retail of $13,900 and an ending inventory at retail of $10,000 If the net sales were $47,800, find the turnover rate at retail ...

A restaurant had a beginning inventory at retail of $13,900 and an ending inventory at retail of

Question:

A restaurant had a beginning inventory at retail of $13,900 and an at retail of $10,000. If the net sales were $47,800, find the turnover rate at retail.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...