Answer:
2.59
Step-by-step explanation:
Given that average inventory at cost = 18127/-
Cost of goods sold =46971
Hence stock turnover ratio at cost = cost of goods sold/average inventory
= 46971/18127 =2.59
(There is another method also to calculate stock inventory ratio
Stock inventory ratio = Retail sales/Average inventory at retail
=63410/24870
=2.5496
=2.55)
Since our question asks stock turnover at cost we get answer as
2.59
Answer:
19+19+10+10= 58 is the answer
I assume you need to show work but if not
1071 * 20 = 21420
To find the answer, find the difference which is 30.
Then find out the percentage of 30 to 120.
To do this divide 30 by 120, and you should get 0.25.
Meaning that this is a 25% increase.
