Mathematics: If net sales were $52,500.00, beginning inventory at retail was $16,000.00, ending inventory at retail was $26,000.00, and cost of goods sold was $18,500.00, what was the inventory turnover ratio at retail? select one: a. 1.2 b. 2.5 c. 1.3 d. 2.9

If net sales were $52,500.00, beginning inventory - id52500004753955, makayladurham19

FireStorm4346

16.01.2022

Option b. 2.5

Step-by-step explanation:

Beginning inventory at retail = $16,000

Ending inventory at retail = $26,000

Cost of goods sold = $18,500

Net sales = $52,500

Inventory turnover = $\frac{\text{cost of goods sold}}{\text{average inventory}}$

= $\frac{52,500}{(\frac{16,000+26,000}{2}) }$

= $\frac{52,500}{21,000}$

= $\frac{525}{210}$

= $\frac{105}{42}$

= $\frac{5}{2}$

= 2.5

Option b. 2.5 is the answer.

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jaylanmahone223

16.05.2021

x - 2y + 12 = 0

Step-by-step explanation:

Y-3=1/2(x+6)

2 (Y-3) =1 (x+6)

2y - 6 = x + 6

x + 6 + 6 - 2y = 0

x - 2y + 12 = 0

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