Question: PA 1 0 - 1 3 ( Algo ) A retailer has annual sales of . . . A retailer has annual sales of $

PA 10-13(Algo) A retailer has annual sales of...
A retailer has annual sales of $550,000 and an average finished-goods inventory of $16,000.
If the retailer sells each unit for an average of $27 and purchases the units for $12, what is its annual inventory turnover?
Note: Round your answer to 1 decimal place.
Annual inventory turnover
 PA 10-13(Algo) A retailer has annual sales of... A retailer has

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