Which of the following inventory turnover rates is for a pharmacy when the inventory value is $225,000 and the pharmacy has sales of $2,850,000?
10.66
11.66
12.66
13.85
12.66
Rationale: The turnover rate of 12.66 is correct for a pharmacy when the inventory value is $225,000 and the pharmacy has sales of $2,850,000 . It is calculated by dividing total sales ($2,850,000) by the inventory value ($225,000) = 12.66.
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