Refer to the following selected financial information from McCormik, LLC. Compute the company's inventory turnover for Year 2.
A) 4.72.
B) 4.33.
C) 3.28.
D) 5.78.
E) 3.86.
C) 3.28.
Explanation: Year 2: $390,000/[($121,000 + $117,000)/2] = 3.28
Business
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