Refer to the Following Selected Financial Information from Graceworks Corp

question 62

Multiple Choice

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

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

---

Definitions:

Developmental Stage

A phase in the growth or development process characterized by specific psychological or physical milestones.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by persistent patterns of inattention, hyperactivity, and impulsivity.

Amphetamines

Amphetamines are a class of stimulant drugs used to enhance wakefulness, focus, and in some cases, treat ADHD and narcolepsy.

Neurotransmitter Activity

The process by which neurotransmitters are released by neurons, bind to receptors, and transmit signals across synapses in the brain.