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

question 29

Multiple Choice

Shaffer Company presents the following data for 2012. $\begin{array}{lr}\text { Net Sales, } 2012 & \$ 3,007,124 \\\text { Net Sales, } 2011 & 93,247 \\\text { Cost of Goods Sold, } 2012 & 2,000,326 \\\text { Cost of Goods Sold, } 2011 & 1,000,120 \\\text { Inventory, beginning of } 2012 & 341,165 \\\text { Inventory, end of } 2012 & 376,526\end{array}$
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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