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please i need help as soon as possible 7 pts Samantha Company has the following financial statements. Assume there were 12,000 shares of common stock
please i need help as soon as possible
7 pts Samantha Company has the following financial statements. Assume there were 12,000 shares of common stock outstanding in both years and that the market value of the common stock equaled the amount reflected on the balance sheet. What is the Days Sales in Inventory for 20x0? . Samantha Company Balance Sheet As of December 31, 20X0 and 20X1 2OXO Assets 20X1 Current Assets Cash $4,000 Accounts Receivable $8,600 9.800 5,100 Inventories 1.100 2.700 Total Current Assets 14.900 16,400 Operating Assets Plant, Property, and Equipment 11,000 11,100 Long-term Notes Receivable 3,500 4,900 Total Assets 29.400 32,400 Liabilities & Stockholders' Equity Current Liabilities Accounts Payable 4,800 5,500 32.400 Current Liabilities Accounts Payable 4.800 Other Payables 5.500 Total Current Liabilities 2.000 6.800 3.900 Long-term Liabilities 9.400 Mortgage Note Payable 13,500 Total Liabilities 11,500 20,300 Stockholders' Equity 20,900 7.200 8.200 Common Stock (no par) Retained Earnings Total Liabilities and Stockholders' Equity 1,900 3.300 29.400 32,400Step by Step Solution
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