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Use the following information for Razor Company to compute inventory turnover for 2011. Net sales in 2011 was $647,500, Cost of goods sold was, 388,500

Use the following information for Razor Company to compute inventory turnover for 2011. Net sales in 2011 was $647,500, Cost of goods sold was, 388,500 and Ending inventory was, 77,700. The Net sales in 2010 was $582,000, the Cost of goods sold in 2010 was 360,840 and the Ending inventory in 2010 was 79,380:

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