find the stock turnover at cost and at retail.\nthe stock turnover at cost is 8.00\n(round to the nearest…

find the stock turnover at cost and at retail.\nthe stock turnover at cost is 8.00\n(round to the nearest hundredth.)\nthe stock turnover at retail is \n(round to the nearest hundredth.)

find the stock turnover at cost and at retail.\nthe stock turnover at cost is 8.00\n(round to the nearest hundredth.)\nthe stock turnover at retail is \n(round to the nearest hundredth.)

Answer

Explanation:

Step1: Formula for stock turnover at retail

Stock turnover at retail = $\frac{\text{Retail Sales}}{\text{Average Inventory at Retail}}$

Step2: Substitute values

Retail Sales = $259180$, Average Inventory at Retail = $32340$ Stock turnover at retail = $\frac{259180}{32340}$

Step3: Calculate

$\frac{259180}{32340}\approx8.02$

Answer:

The stock turnover at retail is $8.02$