The Net Sales for Casual Fashions, Inc

question 3

Multiple Choice

The net sales for Casual Fashions, Inc. last year amounted to $1,126,800 and the average inventory at retail was $212,604. The published inventory turnover at retail is 6. Calculate the inventory turnover at retail, and if it is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)

• A) Turnover is greater
• B) $178,800
• C) $187,800
• D) $212,500

---

Definitions:

Millivolts

A unit of electric potential and electromotive force equal to one thousandth of a volt, commonly used in various electrical and physiological measurements.

Neural Impulse

An electric signal that travels along neurons, facilitating communication within the nervous system.

Threshold

The minimum level of stimulus intensity required to produce a response or result.

Excitatory Signals

Nerve impulses that increase the likelihood of a neuron firing, promoting the transmission of signals through the nervous system.