You are responsible for buying three classifications of merchandise for a sporting goods store. From the...

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You are responsible for buying three classifications of merchandise for a sporting goods store. From the information in the table that follows, calculate the stock turnover rate for each classification. Sales for the Period July August September October November December January Baseball Bats $240,000 $16,000 $18,000 $15,000 $14,000 $12,000 $14,500 $16,000 Baseballs $180,000 EOM Inventories $11,000 $12,500 $14,700 $16,600 $19,300 $22,000 $19,700 Tank Tops $78,000 $3,800 $5,400 $9,900 $13,900 $14,800 $9,700 $8,100 You are responsible for buying three classifications of merchandise for a sporting goods store. From the information in the table that follows, calculate the stock turnover rate for each classification. Sales for the Period July August September October November December January Baseball Bats $240,000 $16,000 $18,000 $15,000 $14,000 $12,000 $14,500 $16,000 Baseballs $180,000 EOM Inventories $11,000 $12,500 $14,700 $16,600 $19,300 $22,000 $19,700 Tank Tops $78,000 $3,800 $5,400 $9,900 $13,900 $14,800 $9,700 $8,100

Answer rating: 100% (QA)

To calculate the stock turnover rate for each merchandise classification you need to divide t... View the full answer