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Refer to the following selected financial information from Texas Electronics. Compute the companys days sales uncollected for Year 2. (Use 365 days a year.) Year

Refer to the following selected financial information from Texas Electronics. Compute the companys days sales uncollected for Year 2. (Use 365 days a year.)

Year 2 Year 1
Cash $ 37,800 $ 32,550
Short-term investments 93,000 61,500
Accounts receivable, net 87,000 81,000
Merchandise inventory 122,500 126,500
Prepaid expenses 12,400 10,000
Plant assets 389,500 339,500
Accounts payable 111,900 109,300
Net sales 712,500 677,500
Cost of goods sold 391,500 376,500

Multiple Choice

  • 114.2.

  • 81.1.

  • 44.6.

  • 47.6.

  • 43.0.

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