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Use the following information for Shafer Company to computeinventory turnover for year 2. Year 2 Year 1 Net sales $ 657,500 $ 584,900 Cost of

Use the following information for Shafer Company to computeinventory turnover for year 2.

Year 2Year 1
Net sales$657,500$584,900
Cost of goods sold390,500361,040
Ending inventory79,70081,380
  • 4.85

  • 5.85

  • 4.00

  • 8.25

  • 7.19

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