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The following data are for Harris Company: $420 Accounts Payable Accounts Receivable 620 Capital Stock 1.230 430 Cash 3,100 Cost of Goods Sold Inventory 1,400
The following data are for Harris Company: $420 Accounts Payable Accounts Receivable 620 Capital Stock 1.230 430 Cash 3,100 Cost of Goods Sold Inventory 1,400 Long-term Debt 3,800 Net Income 500 1,400 Property, Plant, and Equipment (net) Retained Earnings Sales (100) 4.500 Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made) and is a NEGATIVE amount. Compute Number of Days' Sales in Inventory. Note: If you need to compute the average balance for any account, assume that the beginning-of-year balance is the same as the end-of-year balance reported above. O 50.29 days O 333.00 days O 164.84 days 251.44 days O 808.21 days O 58.87 days O 130.36 days O 529.84 days
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