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Use the following information for Shafer Company to compute inventory turnover for year 2. Net sales Cost of goods sold Ending inventory Year 2 $648,000

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Use the following information for Shafer Company to compute inventory turnover for year 2. Net sales Cost of goods sold Ending inventory Year 2 $648,000 388,600 77,800 Year 1 $583,000 360,850 79,480 Multiple Choice 8.33 5.94 7.34 4.09 4.94

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