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34) 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
34) 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 $ 37,500 90,000 85,500 121,000 12,100 388,000 113,400 711,000 390,000 Year 1 36,850 90,000 86,250 117,000 13,500 392,000 111,750 706,000 385,500 B) 80.0. A) 113.2. C) 46.2 D) 42.3. E) 43.9
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