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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 Year 2 Year 1 $ 39,300 $ 34,050 108,000 69,000 94,500 88,500 130,000 134,000 13,900 11,500 397,000 347,000 104,400 116,800 Accounts payable. Net sales 720,000 685,000) Cost of goods sold. 399,000 384,000 Multiple Choice 864 1189) 548 45.3 479
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