Refer to the Following Selected Financial Information from Graceworks Corp

Multiple Choice

Refer to the following selected financial information from Graceworks Corp. Compute the company's inventory turnover for Year 2. $\begin{array}{|l|r|r|}\hline & \text { Year 2 } & {\text { Year 1 }} \\\hline \text { Merchandise inventory } & 271,000 & 253,500 \\\hline \text { Cost of goods sold } & 486,400 & 433,100\\\hline\end{array}$

A) 1.71.
B) 1.75.
C) 0.93.
D) 1.79.
E) 1.85.