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3 Refer to the following selected financial information from Texas Electronics, Compute the company's days' sales In Inventory for Your 2 (Use 365 days a
3 Refer to the following selected financial information from Texas Electronics, Compute the company's days' sales In Inventory for Your 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 $ 38,200 $ 32,950 97,000 63,500 89,000 83,000 124,500 128,500 12,800 10,400 391,500 341.500 109,900 111,300 714,500 679,500 393,500 378,500 Multiple Choice 455 496 O 439 115.5 826
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