Use the following information for Shafer Company to compute inventory turnover for year 2.

Year 2 Year 1

Net sales $ 652,000 $ 583,800

Cost of goods sold 389,400 360,930

Ending inventory 78,600 80,280

4.90

Explanation:

Given:                           Year 2                   year 1

net sales:                     $652,000            $583,800

Cost of goods sold:     $389,400            $360,930

Ending inventory          $78,600              $80,280

We know, Inventory turnover=

First, lets find out the Average inventory.

Average inventory=

∴ Average inventory=

Hence, Average inventory= is 79440.

Now, finding the inventory turnover for year 2.

Inventory turnover=

∴ Inventory turnover= 4.90

Hence, Inventory turnover for year 2 is 4.90

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!