Refer to the Following Selected Financial Information from Graceworks Corp

question 55

Multiple Choice

Refer to the following selected financial information from Graceworks Corp.Compute the company's inventory turnover for Year 2. $$\begin{array} { l l } &\text { Year 2 } & \text { Year } 1 \\Merchardise~ irventory&271,000 & 253,500 \\Cost ~of~ goods~ sold&486,400 & 433,100\end{array}$$

• A)1.79.
• B)1.71.
• C)1.85.
• D)0.93.
• E)1.75.

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Cognitive Flexibility

The mental ability to switch between thinking about two different concepts or to think about multiple concepts simultaneously.

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