Use the following information for Shafer Company to compute inventory turnover for year 2. Year 2 Year 1
Net sales $656,000 $584,600
Cost of goods sold 390,200 361,010
Ending inventory 79,400 81,080

Inventory turnover for year 2 is 4.91 times.

Explanation:

Inventory turnover measures liquidity of company`s inventory

Inventory turnover = Cost of goods sold / Ending inventory

                               = $390,200 / $79,400

                               = 4.91 times

decentralization can the employees to get more involved in the business decision making

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.