a. What is inventory turnover at retail?

b.   What is inventory turnover at cost?

c. What is inventory turnover using unit sales?

 Discussion: Why are the results from a, b, and c different?

Refer to the table to answer the above questions.

Unit sales	100,000
Total sales	$2,000,000
Cost of Goods Sold	$500,000
Average inventory in units	10,000
Average inventory at retail	$600,000
Average inventory at cost	$100,000

Answer rating: 100% (QA)

Inventory turnover is a crucial financial metric for retailers and it can be calculated using different methods To answer your questions we need to ca... View the full answer