Question: Below is select data from the Kroger Company headquartered in Cincinnati Ohio. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable,

 Below is select data from the Kroger Company headquartered in Cincinnati

Below is select data from the Kroger Company headquartered in Cincinnati Ohio. Compute the company's inventory turnover for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $41,000 90,000 87,500 121,000 12,300 388,000 113,400 715,000 400,000 Year 1 36,850 90,000 84,250 117,000 13,500 392,000 112,500 713,000 396,000

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