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Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)
Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.)
Refer to the following selected financial Information from McCormik, LLC. Compute the company's days' sales In Inventory for Year 2 (Use 365 days a year.) Year 2 Year 1 s 38,500 33,250 Cash Short-term investments 100,000 65, 000 Accounts receivable, net Merchandise inventory 126, 000 130,000 Prepaid expenses Plant asset Accounts payable Net sales Cost of goods sold 90,500 84,500 13,100 10,700 393,000 343, 000 108,400 112, 800 716,000 681,000 395,000 380,000 Multiple Choice 83.6. 44.5 46.1 51.0Step by Step Solution
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