. Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was $630,300 and the ending inventory at retail was $417,600. Sales for the year totaled $2,388,870. Round your answer to the nearest tenth. _____

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1. Find the inventory turnover at retail of Walker Manufacturing. The starting inventory at retail was $630,300 and the ending inventory at retail was $417,600. Sales for the year totaled $2,388,870.
Round your answer to the nearest tenth.
_____
2.
The cost of goods sold for Veltron International last year amounted to $534,600, and the average inventory at cost was $213,840. The published inventory turnover at cost is 6.6.
Calculate the inventory turnover at cost, and if it is less than the published rate, calculate the target average inventory at cost (in $). (If the actual turnover is greater than the published rate, enter "above" for target average inventory.)
Inventory turnover at cost _____
Target average inventory at cost$ ____
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inventory turnover ratio tell us how many times inventory has been utilized to convert into sales.

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