Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost, calculate the average inventory (in $) and inventory turnover for the following. If the actual turnover is less than the published rate, calculate the target average inventory (in $) necessary to come up to industry standards. If the actual turnover is greater than the published rate, enter "above" for target average inventory. Round inventories to the nearest dollar and inventory turnovers to the nearest tenth. Net Sales = 325,000Beginning Inventory = 46,000Ending Inventory = 56,000Published Rate = 6.0 Solve for the following:Average Inventory = $Inventory Turnover =Target Average Inventory = $ Assumino that all net sales floures are at ratad and all cost of ooods sold floures are at cost. calculate the averaoe inventorv fin S) and inventorv turnover for the followina. If the actual tumover isless than the published rate. caloulate the taroet averaoe Inventorv fin S) necessary to come uo to industry standards. If the actual tumover is greater than the publshed rate, enter "above" fortaroet average Inventory. Round Inventories to the nearest dollar and inVentory tumovers to the nearest tenth.TargetAverageInventoryCost ofBeginningGoods Sold Inventory InventoryEndingAverageInventoryInventoryTurnoverPublishedNet SalesRate$325,000$46,000$56,000108225546.0$4.8

Answered: Image /qna-images/answer/db512ae2-528f-4be0-be07-1681ccdecae1.jpg

Assumino that all net sales floures are at ratad and all cost of ooods sold floures are at cost. calculate the averaoe inventorv fin S) and inventorv turnover for the followina. If the actual tumover is less than the published rate. caloulate the taroet averaoe Inventorv fin S) necessary to come uo to industry standards. If the actual tumover is greater than the publshed rate, enter "above" for taroet average Inventory. Round Inventories to the nearest dollar and inVentory tumovers to the nearest tenth. Target Average Inventory Cost of Beginning Goods Sold Inventory Inventory Ending Average Inventory Inventory Turnover Published Net Sales Rate $325,000 $46,000 $56,000 108225 54 6.0 $4.8

Assumino that all net sales floures are at ratad and all cost of ooods sold floures are at cost. calculate the averaoe inventorv fin S) and inventorv turnover for the followina. If the actual tumover is less than the published rate. caloulate the taroet averaoe Inventorv fin S) necessary to come uo to industry standards. If the actual tumover is greater than the publshed rate, enter "above" for taroet average Inventory. Round Inventories to the nearest dollar and inVentory tumovers to the nearest tenth. Target Average Inventory Cost of Beginning Goods Sold Inventory Inventory Ending Average Inventory Inventory Turnover Published Net Sales Rate $325,000 $46,000 $56,000 108225 54 6.0 $4.8

Elementary Geometry for College Students

6th Edition

ISBN:9781285195698

Author:Daniel C. Alexander, Geralyn M. Koeberlein

Publisher:Daniel C. Alexander, Geralyn M. Koeberlein

Chapter8: Areas Of Polygons And Circles

Section8.CR: Review Exercises

Problem 40CR

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