At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity Current Yr 1 Ye Ago 2 Yrs Ago $ 31,800 $ 35,625 37,800 89,500 62,500 50,200 82,500 54,000 9,375 5,000 255,000 230,500 112,500 10,700 278,500 $ 523,000 $ 445,000 $ 377,500 $ 129,900 $ 75,250 $ 51,250 98,500 163,500 131,100 101,500 83,500 163,500 163,500 104,750 79,250 $ 523,000 $ 445,000 $377,500 The company's income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on cre Current Yr 1 Yr Aga $532,000 For Year Ended December 31 Sales $673,500 Cost of goods sold $411,225 $345,500 Other operating expenses 209,550 Interest expense 12,100 Income tax expense 9,525 Total costs and expenses 642,400. 134,980 13,300 8,845 Net income $ 31,100 502,625 $ 29,375 Earnings per share $ 1.90 $ 1.80 Current Yr: Choose Numerator: Ending inventory Days' Sales In Inventory Choose Denominator: 1 Yr Ago: x Days Days' Sales In Inventory Cost of goods sold $ 411,225 x xx Days' sales in inventory days $ 345,500 x days Required (A Required 48 >