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Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a
Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Year 2 Year 1 $ 38,100 $ 32,850 96,000 63,000 88,500 82,500 124,000 128,000 12,700 10,300 391,000 341,000 110,400 110,800 714,000 679,000 Cost of goods sold 393,000 378,000 Multiple Choice 82.2 43.6. 491 O C 115.2 < Prev 16 of 22 Nex Next > " * FE 80 23 $ 4 54 #3 @0 2 000 200 14 % 55 ^ 6 4 &7 88 61 F +11
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