49. Refer to the following selected financial information from McCormick, LLC. Compute the company's inventory turnover for Year 2 Year 2 Year 1 $38,10032,850 63,000 82,500 128,000 10,300 341,000 110,800 679,000 378,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold 96,000 88,500 124,000 2,700 391,000 110,400 714,000 393,000 5.76 3.55 3.07 3.17 3.12