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

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.