Question
Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012 2,000,326 Cost of Goods
Shaffer Company presents the following data for 2012.
Net Sales, 2012
$3,007,124
Net Sales, 2011
93,247
Cost of Goods Sold, 2012
2,000,326
Cost of Goods Sold, 2011
1,000,120
Inventory, beginning of 2012
341,169
Inventory, end of 2012
376,526
The merchandise inventory turnover for 2012 is:
Select one: a. 7.5 b. 7.7 c. 5.6 d. 15.6
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater, Mike Deschamps
15th Edition
0137504284, 9780137504282
