Shaffer Company Presents the Following Data for 2012 The Merchandise Inventory Turnover for 2012 Is:
A)5

question 10

Multiple Choice

Shaffer Company presents the following data for 2012. $$\begin{array} { lr } \text {Net Sales, 2012}&\$3,007,124\\\text {Net Sales, 2011}&93,247\\\text {Cost of Goods Sold, 2012}&2,000,326\\\text {Cost of Goods Sold, 2011}&1,000,120\\\text {Inventory, beginning of 2012}&341,169\\\text {Inventory, end of 2012}&376,526\\\end{array}$$ The merchandise inventory turnover for 2012 is:

• A)5.6.
• B)15.6.
• C)7.5.
• D)7.7.
• E)5.2.

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Definitions:

Organizational Strategy

A plan of action designed to achieve long-term or overall aims and objectives of an organization, shaping how resources are allocated to meet these goals.

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