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

question 101

Multiple Choice

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

• A)43.9.
• B)42.3.
• C)46.2.
• D)80.0.
• E)113.3.

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