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

	Year 2			Year 1
Cash	$	37,900		$	32,650
Short-term investments		94,000			62,000
Accounts receivable, net		87,500			81,500
Merchandise inventory		123,000			127,000
Prepaid expenses		12,500			10,100
Plant assets		390,000			340,000
Accounts payable		111,400			109,800
Net sales		713,000			678,000
Cost of goods sold		392,000			377,000

Multiple Choice

• 3.19.

• 3.14.

• 3.54.

• 3.09.

• 5.80.