At the start of the year, Sandy's Flowers had inventory worth $$ \$ 587,200 $$ at retail. On December 31 , the retail value of the inventory was $$ \$ 137,700 $$. If annual sales amounted to $$ \$ 2, \$ 99,600 $$ find the inventory turnover at retail for the year. (Round to nearest tenth) Select one:

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Let the beginning inventory at retail be $$ I_B = 587,200 $$ and the ending inventory at retail be $$ I_E = 137,700 $$. The annual sales are given as $$ S = 299,600 $$.

We first compute the average inventory at retail:

$$
\text{Average Inventory} = \frac{I_B + I_E}{2} = \frac{587,200 + 137,700}{2}
$$

Performing the arithmetic inside the fraction:

$$
587,200 + 137,700 = 724,900
$$

Then calculate the average:

$$
\text{Average Inventory} = \frac{724,900}{2} = 362,450
$$

The inventory turnover at retail is then given by:

$$
\text{Turnover} = \frac{S}{\text{Average Inventory}} = \frac{299,600}{362,450}
$$

Dividing the two values:

$$
\frac{299,600}{362,450} \approx 0.8269
$$

Rounding to the nearest tenth:

$$
\text{Turnover} \approx 0.8
$$
The inventory turnover at retail for the year is approximately 0.8.

At the start of the year, Sandy’s Flowers had inventory worth at retail. On December 31 , the retail value of the inventory was . If annual
sales amounted to find the inventory turnover at retail for the year. (Round to nearest tenth)
Select one:

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At the start of the year, Sandy’s Flowers had inventory worth at retail. On December 31 , the retail value of the inventory was . If annual sales amounted to find the inventory turnover at retail for the year. (Round to nearest tenth) Select one: