Readers' Bookstore takes inventory annually and bases inventory on selling price. Beginning inventory for the year was $44,150. Ending inventory for the year was $39,350. Net sales for the year equal $75,150. Compute the inventory turnover at retail.​

Inventory Turnover

A measure of how many times inventory is sold or used in a time period such as a year.

Net Sales

The revenue generated from goods or services sold by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Beginning Inventory

The value of stock on hand at the start of an accounting period, before any purchases or sales are made.