-Refer to the Following Selected Financial Information from McCormik,LLC
Question 180
Question 180
Multiple Choice
Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $37,50090,00085,500121,00012,100388,000113,400711,000390,000 Year 1 36,85090,00086,250117,00013,500392,000111.750706,000385,500 -Refer to the following selected financial information from McCormik,LLC.Compute the company's inventory turnover for Year 2.
A) 4.72. B) 4.33. C) 3.28. D) 5.78. E) 3.86.
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