A corporation reports the following year-end balance sheet/income statement data. The company's inventory turnover for Year 2 is: Year 2 Year 1 Cash $ 39,400 $ 34,150 Short-term investments 109,000 69,500 Accounts receivable, net 95,000 89,000 Merchandise inventory Prepaid expenses Plant assets 130,500 134,500 14,000 11,600 Accounts payable Net sales Cost of goods sold 397,500 347,500 103,900 117,300 720,500 685,500 399,500 384,500 Multiple Choice 3.16 times. 2.97 times. 3.02 times. 3.61 times. 5.52 times