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Find the turnover rate at retail for the year

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Reference no: EM131628235

Question: Jeremiah Williams, owner of The Lamb Shop, needed to calculate the turnover rate based on retail prices. Net sales of $225,294 were recorded for a recent year. The retail price of inventory at the beginning of the year was $89,023 and was $68,392 at the end of the year. Find the turnover rate at retail for the year.

Reference no: EM131628235

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