What was the store inventory turnover rate

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Reference no: EM131118355

Payless Boots Company maintains average inventory of $100,000 (at cost). Last year, the store’s cost of good’ sale was $750,000. Payless Boots estimated that its inventory carrying cost is 25% annually.

a. What was the store’s inventory turnover rate?

b. How much was the inventory carrying cost for the year?

Reference no: EM131118355

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What was the store inventory turnover rate : Payless Boots Company maintains average inventory of $100,000 (at cost). Last year, the store’s cost of good’ sale was $750,000. Payless Boots estimated that its inventory carrying cost is 25% annually. What was the store’s inventory turnover rate?

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