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Shaffer Company presents the following data for 2 0 0 3 Net sales, 2 0 0 $ 3 , 0 0 7 , 1 2

Shaffer Company presents the following data for 2003
Net sales, 200
$3,007,124
Net sales, 2002
93,247
Cost of goods sold, 2003
$2,000,326
Cost of goods sold, 2002
$1,000,120
Inventory, beginning of 2003
$ 341,169
Inventory, end of 2003
$ 376,526
The merchandise inventory turnover for 2003 is:
Question 27 options:
7.5
5.6
Not enough data to calculate
15.6
7.7

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