O Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2. Cash Year 2 Year 1 $ 38,700 $ 33,450 Short-term 102,000 66,000 investments Accounts receivable, net 91,500 85,500 Merchandise inventory 127,000 131,000 Prepaid expenses Plant assets 13,300 10,900 Accounts payable Net sales 394,000 344,000 107,400 113,800 717,000 682,000 Cost of goods sold 396,000 381,000 Multiple Choice 3.12. 3.02. 3.07. 5.65. 3.58