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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 $647,500

Use the following information for Shafer Company to compute inventory turnover for year 2 Net sales Cost of goods sold Ending inventory Year 2 $647,500 388,500 77,780 Year 1 $582,000 360,840 79,380 Multiple Choice 410 5.50 7.33 8.33

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