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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 year.)
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.) 13021 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 $ 37,500 90,000 85,500 121,000 12,100 388,000 113,400 711.000 390.000 Year 1 $ 36,850 90.000 86,250 117.000 13,500 392,000 111,750 706,000 385,500 O 02 Refer to the following selected financial information from Gomez Electronics Compute the company's debt-to-equity ratio for Year 2 Net sales Cost of goods sold Interest expense Net income before tax Net Income after tax Total assets Total liabilities Total equity Year 2 Year 1 5478,500 $426,250 276,300 250. 120 9.700 10,700 67,250 52.680 16.050 9.900 317,100 288,000 181.00 167.300 135,700 120, 700 O O O O O Use the following selected information from Whitman Corp. to determine the Year 2 and Year 1 trend percentages for cost of goods sold using Year 1 as the base. Net sales Cost of goods sold Operating expenses Net earnings Year 2 $276,200 151,900 55,240 27.820 Year 1 $231,400 129,590 53,240 19.820 Multiple Choice C) 36.4% for Year 2 and 48% for Year 1 o o 0 55.0% for Year 2 and 56,0% for Yeart o 19.4% for Year 2 and 100.0% for Year 1. o 117.2% for Year 2 and 100.0% for Yeart O O 65.% for Year 2 and 64 6% for Yeart Net sales divided by average total assets is the C) Total asset tumovet Current ratio C ) Return on total assets
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