Use the following information for Shafer Company to compute inventory turnover for year 2. $$\begin{array} { | l | r | r | }
\hline & \text { Y ear } 2 & \text { Y ear } 1 \
\hline \text { Net sales } & \$ 647,500 & \$ 582,000 \
\hline \text { Cost of goods sold } & 389,500 & 360,840 \
\hline \text { Ending inventory } & 76,700 & 79,380 \
\hline
\end{array}$$
A)8.44
B)9.98
C)5.08
D)4.99
E)8.30

Question

Use the following information for Shafer Company to compute inventory turnover for year 2. $$\begin{array} { | l | r | r | } 
\hline & \text { Y ear } 2 & \text { Y ear } 1 \
\hline \text { Net sales } & \$ 647,500 & \$ 582,000 \
\hline \text { Cost of goods sold } & 389,500 & 360,840 \
\hline \text { Ending inventory } & 76,700 & 79,380 \
\hline
\end{array}$$
A)8.44
B)9.98
C)5.08
D)4.99
E)8.30

Quizplus · Accepted Answer

The Answer of Use the following information for Shafer Company to compute inventory turnover for year 2. $$\begin{array} { | l | r | r | } 
\hline & \text { Y ear } 2 & \text { Y ear } 1 \
\hline \text { Net sales } & \$ 647,500 & \$ 582,000 \
\hline \text { Cost of goods sold } & 389,500 & 360,840 \
\hline \text { Ending inventory } & 76,700 & 79,380 \
\hline
\end{array}$$
A)8.44
B)9.98
C)5.08
D)4.99
E)8.30

Use the Following Information for Shafer Company to Compute Inventory