-Refer to the Following Selected Financial Information from Graceworks Corp

question 229

Multiple Choice

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

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

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