A mail-order retailer has an average inventory at retail of $300,000 and net annual sales of $5,000,000.

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A mail-order retailer has an average inventory at retail of $300,000 and net annual sales of $5,000,000. What is the annual stock turnover rate at retail?

a. 7.5 x
b. 15.0 x
c. 16.7 x
d. 17.0 x

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Retail Management A Strategic Approach

ISBN: 9780133796841

13th Edition

Authors: Barry Berman, Joel Evans, Patrali Chatterjee

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Question Posted: Jul 26, 2023 08:29 AM

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A mail-order retailer has an average inventory at retail of $300,000 and net annual sales of $5,000,000.

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Retail Management A Strategic Approach

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