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Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2 39,100 33,850 Cash Short-term investments 106,000 68,000

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Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2 39,100 33,850 Cash Short-term investments 106,000 68,000 Accounts receivable, net 93,500 87,500 Merchandise inventory 129,000 Prepaid expenses 133,000 13,700 11,300 396,000 346,000 105,400 115,800 719,000 684,00 398,000 383,000 Accounts payable Net sales Cost of goods sold Multiple Choice 3.60 3.09 5.57 0 6 3 9 0 0

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