Refer to the following selected financial Information from McCormik, LLC. Compute the companys de 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 $ 38,300 $ 33,050 98,000 64,000 89,500 83,500 125,000 129,000 12,900 10,500 392,000 342,000 109,400 111,800 715,000 680,000 394,000 379,000 Refer to the following selected financial Information from McCormik, LLC. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses plant assets Accounts payable Net sales Cost of goods sold Year 2 Year $ 38,300 $ 33,050 98,000 64,000 89,500 83,500 125.000 129,000 12,900 10,500 392,000 342,000 109,400 111,800 715,000 680,000 394,000 379,000 Multiple Choice 315 5.72 356