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following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Plant
following selected financial information from McCormik, LLC. Compute the company's accounts receivable turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Plant assets Year 2 Year 1 $ 37,700 $ 92,000 32,450 61,000 86,500 80,500 122,000 126,000 12,300 9,900 Prepaid expenses 389,000 339,000 112,400 108,800 712,000 677,000 Accounts payable Net sales Cost of goods sold 391,000 376,000 Multiple Choice 8.23. 7.74. 5.84. 8.53. 8.84
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