Find the turnover rate at cost and at retail. Round to the nearest hundredth.A furniture store has an average inventory at retail of , and an average inventory at cost of . The cost of goods sold for this period is $19,862.10 and net sales of furniture were .

Question

A. Turnover rate at cost: 3.92, Turnover rate at retail: 6.88
B. Turnover rate at cost: 5.17, Turnover rate at retail: 5.22
C. Turnover rate at cost: 5.22, Turnover rate at retail: 5.17
D. Turnover rate at cost: 1.33, Turnover rate at retail: 1.32

Answer 1

Answer: C