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Refer to the following selected financial information from Fennie's, LLC. Compute the company's days' sales in inventory for Year 2. Year 2 Year 1 Cash
Refer to the following selected financial information from Fennie's, LLC. Compute the company's days' sales in inventory for Year 2.
Year 2 | Year 1 | |
Cash | $37,500 | $32,250 |
Short-term investments | 90,000 | 60,000 |
Accounts receivable, net | 85,500 | 79,500 |
Merchandise inventory | 121,000 | 125,000 |
Prepaid expenses | 12,100 | 9,700 |
Property, plant and equipment | 388,000 | 338,000 |
Accounts payable | 113,400 | 107,800 |
Net sales | 711,000 | 676,000 |
Cost of goods sold | 390,000 | 375,000 |
A.43.9.
B.46.2.
C.113.3.
D.80.0.
E.42.3.
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