Refer to the Following Selected Financial Information from Graceworks Corp

question 111

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.

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