What Net Sales Are Required to Obtain a Stockturn Rate

question 98

Multiple Choice

What net sales are required to obtain a stockturn rate of 5--given an average inventory at cost of $100,000 and a gross margin of 50 percent?

• A) $100,000
• B) $1,500,000
• C) $600,000
• D) $1,000,000
• E) $400,000