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Use the following information for Shafer Company to compute inventory turnover for year 2 Year 2 Year 1 Net sales $653,500 $584, 100 Cost of

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Use the following information for Shafer Company to compute inventory turnover for year 2 Year 2 Year 1 Net sales $653,500 $584, 100 Cost of goods sold Ending inventory 389,700 360,960 78,900 80,580 Multiple Choice 8.28 4.89 4.04 7.25 5.89

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