Refer to the following selected financial information from Fennie's, LLC. Compute the company's inventory turnover for Year 2. Year 2Year 1 Cash$ 38,300 $ 33,050 Short-term investments98,000 64,000 Accounts receivable, net89,500 83,500 Merchandise inventory125,000 129,000 Prepaid expenses12,900 10,500 Plant assets392,000 342,000 Accounts payable109,400 111,800 Net sales715,000 680,000 Cost of goods sold394,000 379,000

Anserws: 3.15, 3.56, 3.10, 3.05, 5.72