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Use the following information for Shafer Company to compute inventory turnover for 2015. 2015 2014 Net sales $655,000 $584,400 Cost of goods sold 390,000 360,990
Use the following information for Shafer Company to compute inventory turnover for 2015.
2015 | 2014 | |
Net sales | $655,000 | $584,400 |
Cost of goods sold | 390,000 | 360,990 |
Ending inventory | 79,200 | 80,880 |
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