Answered step by step
Verified Expert Solution
Question
1 Approved Answer
James, Inc. provides the following data: Cash Accounts Receivable, Net 2025 $138,000 2024 $124,000 81,000 55,000 Merchandise Inventory 41,000 45,000 Property, Plant, and Equipment,
James, Inc. provides the following data: Cash Accounts Receivable, Net 2025 $138,000 2024 $124,000 81,000 55,000 Merchandise Inventory 41,000 45,000 Property, Plant, and Equipment, Net 121,000 90,000 For the year ending December 31, 2025: Net Sales Revenue $460,000 Cost of Goods Sold (335,000) Gross Profit $125,000 Calculate the number of days' sales in inventory for 2025. (Use 365 days for any calculations.) OA. 125.43 days B. 44.68 days C. 46.85 days OD. 53.99 days 3 of 5 (2 complete)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started