Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2. 3.08 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 39,300 $ 34,050 108,000 69,000 94,500 88,500 130,000 134,000 13,900 11,500 397,000 347,000 104,400 116,800 720,000 685,000 399,000 384,000 8 Multiple Choice 8 01:08:00 3.02. 3.61 3.07. 2.98. 5.54