Selected financial information for Maris Company for 2012 follows: 
Required:
How many times did Maris' merchandise inventory turnover during 2012?
Definitions:
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.
Producer Surplus
The difference between what producers are willing to sell a good for and the actual price they receive, reflecting extra profit.
Relatively Elastic
Refers to a situation in which the demand or supply for a good or service greatly responds to changes in price.
Tax Incidence
Refers to the distribution of the economic burden of a tax between buyers and sellers in the market.
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