Average inventory at cost: $18,127
average inventory at retail: $24,870
cost of goods sold: $46,971
retail sales: $63,410

find the stock turnover at cost. round to the nearest hundredth.

2.59

Step-by-step explanation:

Given that average inventory at cost = 18127/-

Cost of goods sold =46971

Hence stock turnover ratio at cost = cost of goods sold/average inventory

= 46971/18127 =2.59

(There is another method also to calculate stock inventory ratio

Stock inventory ratio = Retail sales/Average inventory at retail

=63410/24870

=2.5496

=2.55)

Since our question asks stock turnover at cost we get answer as

2.59

1. 22

2. 1

3. 7

4. 18

step-by-step explanation

e2020 got it right

1 number

if we use a graphing calculator, there is only one such number that satisfies the conclusion of the mean value theorem, that is, a number such that

where the right-hand side is the average rate of change of f on the interval [0.5,0.75], which is the slope of the secant line.

in the attached graph, the black line is the secant line which has its slope as the average rate of change of f on [0.5,0.75], while the orange line is the only tangent line to the graph of f in the interval that satisfies the mvt conclusion.