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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

  • 4.85

  • 5.85

  • 4.00

  • 8.25

  • 7.19

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