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Pretty, Inc. provides the following data: 2017 2016 Cash $23,000 $20,000 Accounts Receivable, Net 35,000 37,000 Merchandise Inventory 55,000 25,000 Property, Plant, and Equipment, Net
Pretty, Inc. provides the following data:
2017 | 2016 | |
Cash | $23,000 | $20,000 |
Accounts Receivable, Net | 35,000 | 37,000 |
Merchandise Inventory | 55,000 | 25,000 |
Property, Plant, and Equipment, Net | 123,000 | 98,000 |
Total Assets | $236,000 | $180,000 |
Net Credit Sales | $310,000 |
Cost of Goods Sold | (170,000) |
Gross Profit | $140,000 |
Calculate days' sales in inventory for 2017. (Round any intermediate calculations and your final answer to two decimal places.)
A.53.68
B.7.10
C.118.09
D.85.8
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