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Refer to the following selected financial information from Texas Electronics. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise

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Refer to the following selected financial information from Texas Electronics. 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 1 $ 37,900 $ 32,650 94,000 62,000 87,500 81,500 123,000 127,000 12,500 10,100 390,000 340,000 111,400 109,800 713,000 678,000 392,000 377,000 Multiple Choice O 3.19. 0 3.54 5.80 3.14. 3.09

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