1a)

b)

c)

d)

e)

Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,000 385,500 Green Company reports depreciation expense of $55,000 for Year 2. Also, equipment costing $185,000 was sold for a $6,500 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31 Equipment Accumulated Depreciation-Equipment Year 2 Year 1 $685,000 $870,000 488,000 575,000 A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be reported in the operating activities section reported under the direct method is: Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales uncollected for Year 2. (Use 365 days a year.) Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,000 385,500 A company reported that its bonds with a par value of $50,000 and a carrying value of $59,000 are retired for $62,400 cash, resulting in a loss of $3,400. The amount to be reported under cash flows from financing activities is