Refer to the following selected financial information from Texas Electronics. Compute the companys inventory turnover for Year 2.

	Year 2			Year 1
Cash	$	38,300		$	33,050
Short-term investments		98,000			64,000
Accounts receivable, net		89,500			83,500
Merchandise inventory		125,000			129,000
Prepaid expenses		12,900			10,500
Plant assets		392,000			342,000
Accounts payable		109,400			111,800
Net sales		715,000			680,000
Cost of goods sold		394,000			379,000

Multiple Choice

• 3.56.

• 3.15.

• 3.10.

• 3.05.

• 5.72.