Use the following information for Shafer Company to compute inventory turnover for year 2. Year 2 Year 1 Net sales$652,000? $583,800? Cost of goods sold 389,400? 360,930? Ending inventory 78,600? 80,280?
A. 8.30
B. 4.90
C. 5.90
D. 7.27
E. 4.05
Answer: B
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