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Refer to the Following Selected Financial Information from McCormik,LLC A)439
B)42

question 32

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Refer to the following selected financial information from McCormik,LLC.Compute the company's days' sales in inventory for Year 2.(Use 365 days a year.)  Year 2  Year 1  Cash $37,500$36,850 Short-term irvestrnents 90,00090,000 Accounts receivable, net 85,50086,250 Merchardise irventory 121,000117,000 Prepaid experses 12,10013,500 Plart assets 388,000392,000 Accounts payable 113,400111,750 Net sales 711,000706,000 Cost of goods sold 390,000385,500\begin{array} { l r r } & { \text { Year 2 } } & \text { Year 1 } \\\text { Cash } & \$37,500 & \$ 36,850 \\\text { Short-term irvestrnents }& 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchardise irventory } & 121,00 0 & 117,000 \\\text { Prepaid experses } & 12,100 & 13,500 \\\text { Plart assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,40 0 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold }& 390,000 & 385,500\end{array}

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A provision of the U.S. Constitution (Article I, Section 8, Clause 3) that gives Congress the power to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.

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