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Refer to the Following Selected Financial Information from McCormik,LLC A)472
B)4

Question 117

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Refer to the following selected financial information from McCormik,LLC.Compute the company's inventory turnover for Year 2.  Year 2  Year 1  Cash $37,500$36,850 Short-term irvestrnents 90,00090,000 Accounts receivable, net 85,50086,250 Merchardise irventory 121,000117,000 Prepaid experses 12,10013,500 Plart assets 388,000392,000 Accounts payable 113,400111,750 Net sales 711,000706,000 Cost of goods sold 390,000385,500\begin{array} { l r r } & { \text { Year 2 } } & \text { Year 1 } \\\text { Cash } & \$37,500 & \$ 36,850 \\\text { Short-term irvestrnents }& 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchardise irventory } & 121,00 0 & 117,000 \\\text { Prepaid experses } & 12,100 & 13,500 \\\text { Plart assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,40 0 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold }& 390,000 & 385,500\end{array}


A) 4.72.
B) 4.33.
C) 3.28.
D) 5.78.
E) 3.86.

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