What was the stores inventory turnover rate

Reference no: EM13311010

Payless Boots Company maintains average inventory of $100,000 (at cost). Last year, the store’s sale volume 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: EM13311010

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