Refer to the Following Selected Financial Information from McCormik, LLC

question 200

Multiple Choice

Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2. $$\begin{array} { | l | r | r | } \hline & { \text { Year 2 } } & { \text { Year 1 } } \\\hline \text { Cash } & \$ 37,500 & 3 6 , 8 5 0 \\\hline \text { Short-term investments } & 90,000 & 90,000 \\\hline \text { Accounts receivable, net } & 85,500 & 86,250 \\\hline \text { Merchandise inventory } & 121,000 & 117,000 \\\hline \text { Prepaid expenses } & 12,100 & 13,500 \\\hline \text { Plant assets } & 388,000 & 392,000 \\\hline \text { Accounts payable } & 113,400 & 111.750 \\\hline \text { Net sales } & 711,000 & 706,000 \\\hline \text { Cost of goods sold } & 390,000 & 385,500 \\\hline\end{array}$$

• A) 3.86.
• B) 5.78.
• C) 3.28.
• D) 4.33.
• E) 4.72.

Characterize the features and implications of 5G technology.

Identify the components and protocols that support network and internet connectivity.

Understand the concept of predictive political history and its application in international relations.

Comprehend the principles and purposes of international remorse and repentance in the aftermath of conflicts.

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Definitions:

Semi-Annually

Occurring or done every six months or twice a year.

Annual Payments

Payments made once a year as part of a financial agreement, such as loans, annuities, or investments.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum at the end of every quarter, leading to interest earnings on interest.

Investing

The practice of assigning funds with the aim of producing income or profit.