refer to the following selected financial information from Fennies LLC. compute the companys inventory turnover for year 2.

year 2 year 1

Cash $37,500 $32,250

short term investments 90,000 60,000

accounts receiveble, net 85,500 79,500

merchandise inventory 121,000 125,000

prepaid expenses 12,100 9,700

plant assets 388,000 338,000

accounts payable 113,400 107,800

net sales 711,000 676,000

cost of goods sold 390,000 375,000

a. 4.72

b. 4.33

c. 3.17

d. 5.78