Determine the stockturn rate of a retailer carrying

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1. Refer to Appendix 3, Marketing by the Numbers, and determine the stockturn rate of a retailer carrying an average inventory at a cost of $350,000, with a cost of goods sold of $800,000.

2. If this company's stockturn rate was 3.5 last year, is the stockturn rate calculated in the previous question better or worse? Discuss.

Reference no: EM131289545

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