Tim's Sporting Goods Had Net Sales of $1,210,540 for the Year

question 43

Multiple Choice

Tim's Sporting Goods had net sales of $1,210,540 for the year. If the beginning inventory at retail was $322,800 and the ending inventory at retail was $412,600, find the inventory turnover at retail. (Round your answer to the nearest tenth)

• A) 3.3 Times
• B) 4.1 Times
• C) 7.2 Times
• D) 10.4 Times

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Definitions:

Welfare

Welfare refers to government programs designed to support the well-being of individuals and families, especially those in financial need, by providing financial aid, healthcare, and social services.

Public Benefits

Government-provided assistance programs designed to support individuals and families in meeting basic needs, such as healthcare, food, and housing.

Model Minority

The model minority is a stereotype applied to a demographic group (often Asian Americans) perceived as achieving a higher degree of socioeconomic success than the population average, which can mask challenges and disparities within the group.

Racist Practice

Actions or policies that perpetuate discrimination or prejudice against people based on their race.