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Use the following information for Shafer Company to compute inventory turnover for year 2. Year 2 Year 1 Net sales $ 657,500 $ 584,900 Cost
Use the following information for Shafer Company to compute inventory turnover for year 2.
Year 2 | Year 1 | |||||
Net sales | $ | 657,500 | $ | 584,900 | ||
Cost of goods sold | 390,500 | 361,040 | ||||
Ending inventory | 79,700 | 81,380 | ||||
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4.85
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5.85
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4.00
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8.25
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7.19
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