Refer to the following selected financial information from Texas Electronics. Compute the company's inventory turnover for Year 2. Year 2 Year 1 Cash Short-term investments Accounts receivable, net Merchandise inventory $ 38,000 $ 32,750 95,000 62,500 88,000 82,000 123,500 127,500 Prepaid expenses 12,600 10,200 Plant assets 390,500 340,500 Accounts payable 110,900 110,300 Net sales 713,500 678,500 Cost of goods sold 392,500 377,500 Multiple Choice 3.08. 5.78. 3.18.