U $40,000 O $57,500 3 points Toys "R" Ltd. had cost of goods sold of $6,000 million, ending inventory of $2,500 million, and average inventory of $2,000 million. The merchandise turnover is * O 2.40 3.00 0.33 Oo oo 0.4 12.00 Explain why temporary accounts are closed each period. 10 points (10 Points) * Your answer Discuss the difference between the periodic and perpetual 10 points inventory systems. (10 Points)* Your answer cearch