Question: Shaffer Company presents the following data for 2012. Net Sales, 2012 $3,007,124 Net Sales, 2011 93,247 Cost of Goods Sold, 2012 2,000,326 Cost of Goods

Shaffer Company presents the following data for 2012.

Net Sales, 2012

$3,007,124

Net Sales, 2011

93,247

Cost of Goods Sold, 2012

2,000,326

Cost of Goods Sold, 2011

1,000,120

Inventory, beginning of 2012

341,169

Inventory, end of 2012

376,526

The merchandise inventory turnover for 2012 is:

Select one: a. 7.5 b. 7.7 c. 5.6 d. 15.6

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