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

question 32

Multiple Choice

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.) $$\begin{array} { l r r } & { \text { Year 2 } } & \text { Year 1 } \\\text { Cash } & \$37,500 & \$ 36,850 \\\text { Short-term irvestrnents }& 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchardise irventory } & 121,00 0 & 117,000 \\\text { Prepaid experses } & 12,100 & 13,500 \\\text { Plart assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,40 0 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold }& 390,000 & 385,500\end{array}$$

• A)43.9.
• B)42.3.
• C)46.2.
• D)80.0.
• E)113.2.