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The Chamberlain Corporation reported the following: Year 3 Income Statement Revenue Cost of goods sold Selling & admin. expenses Net Income Balance Sheet Assets Cash
The Chamberlain Corporation reported the following: Year 3 Income Statement Revenue Cost of goods sold Selling & admin. expenses Net Income Balance Sheet Assets Cash Accounts receivable Inventory Property & equipment (net) Total Assets Liabilities Accounts payable Long term liabilities 12,300 10,200 114.5 950 1,150 880 300 3,200 9,930 14,310 1,160 9,000 Year 2 10,800 9,600 800 400 620 250 Year 1 1,080 9,200 8,900 6,400 1,200 700 280 3,000 2,800 9,810 10,400 13,680 14,180 1,300 980 8,900 Stockholders' Equity Common stock Retained earnings Total Liabilities and Equity 13,680 What is the company's days in inventory for year 3? As needed, round your final answer (but not intermediate steps) to one decimal place. 3,000 3,000 3,000 1,150 400 1,300 14,310 14,180
The Chamberlain Corporation reported the following: Year 3 Year 2 Year 1 Income Statement Revenue 12,300 10,800 8,900 Cost of goods sold 10,200 9,600 6,400 Selling & admin. expenses 950 800 1,200 Net Income 1,150 400 1,300 Balance Sheet Assets Cash 880 620 700 Accounts receivable 300 250 280 Inventory 3,200 3,000 2,800 Property & equipment (net) 9,930 9,810 10,400 Total Assets 14,310 13,680 14.180 Liabilities Accounts payable 1,160 1,080 980 Long term liabilities 9,000 9,200 8,900 Stockholders' Equity Common stock 3,000 3,000 3,000 Retained earnings 1,150 400 1,300 Total Liabilities and Equity 14,310 13,680 14,180 What is the company's days in inventory for year 3? As needed, round your final answer (but not intermediate steps) to one decimal place. 114.5
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