The sales in the children's department for the year amounted to $416,000. The stock at the...

 

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The sales in the children's department for the year amounted to $416,000. The stock at the beginning of the year was $120,000 at retail, and for the end of the year, the retail stock figure was $140,000. What was the stock turn for the year? The sales in the children's department for the year amounted to $416,000. The stock at the beginning of the year was $120,000 at retail, and for the end of the year, the retail stock figure was $140,000. What was the stock turn for the year?

Answer rating: 100% (QA)

solution To calculate the stock turn we need to determine the cost of goods sold ... View the full answer