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. $\begin{array}{lr}\text { Net Sales, } 2012 & \$ 3,007,124 \\\text { Net Sales, } 2011 & 93,247 \\\text { Cost of Goods Sold, } 2012 & 2,000,326 \\\text { Cost of Goods Sold, } 2011 & 1,000,120 \\\text { Inventory, beginning of } 2012 & 341,165 \\\text { Inventory, end of } 2012 & 376,526\end{array}$
The merchandise inventory turnover for 2012 is:

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