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Find the rate of turnover at retail to the nearest hundredth

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Reference no: EM131628742

Question: 1. A restaurant had a beginning inventory at retail of $13,900 and an ending inventory at retail of $10,000. If the net sales were $47,800, find the turnover rate at retail.

2. A retail parts business had an average inventory at retail of $258,968 and net sales of $756,893. Find the rate of turnover at retail to the nearest hundredth.

Reference no: EM131628742

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