stook during that tme, where both are measured in dollars. As a formula, this is

Question

stook during that tme, where both are measured in dollars. As a formula, this is expressed as follows Stock turnoverNet sales fermula expresses stock turnover as a function of net sales and average stock at retail a) Suppose that your store had net sales of $685,000 in men's shoes over the This past six months and that the retal value of the average stock of men's shoes was $115,000. What was the stock urnover at retal for that time period? (Round your answer to two decimal places) (b) Suppose that in a certain month your store's net s average stock et retal? (Round your answer bo the nearest dollar.) sales of women's dresses were 3,000 and that the usual stock tumover at retail is 0.4 per month. What do you estimate to be your at retail as a function of stock turnover and net sales. (Enter your answer in terms of n for net sales and x for stock turnover) (d) met n acenar, trne ed your during that time period? (Round your answer to the nearest dollar) store had an average stock of sooks with a netail value of $44,200 and a stock turnover at retail of 1.1. What were the store's net sales of socks (e) Solve the equation y ,verage stock net sales-that is, write ® formula gwg net sales as·haotion of stock turnover and average stock at all. (Enter your answer in ms of x for stock turnover and

Explanation / Answer

b) Stock turnover=Net sales/average stock at retail

So, we have,

Average stock at retail=Net sales/Stock turnover

Thus, the formula is,

Average stock at retail= n/x

d) Stock turnover=Net sales/average stock at retail

1.1=Net sales/44200

Net sales=1.1*44200= $ 48620

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