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allochka39001 [22]
3 years ago
9

Calculate the average stock in a department with annual sales of $1,840,000 and an annual stock turnover of 5.4.

Business
1 answer:
Ksivusya [100]3 years ago
7 0

Answer:

$366,667

Explanation:

Average stock can be regarded as stock at the beginning of the period as well as stock towards ending of it

Given:

annual sales =$1,840,000

annual stock turnover =5.4.

average stock can be calculated as

average stock =annual sales/

annual stock turnover

= 1,840,000/ 4.5

= $366,667

Hence the average stock in a department is $366,667

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