Peartree Company Provides the Following Data Additional Information:
• Net Sales (All on Account): $240,000
•

question 140

Multiple Choice

Peartree Company provides the following data:
$$\begin{array} { | l | r | r | } \hline \text { BALANCE SHEET } & \text { Dec 31,2014 } & \text { Dec 31,2013 } \\\hline \text { Cash } & \$ 21,000 & \$ 18,000 \\\hline \text { Accounts receivable, net } & 31,000 & 35,000 \\\hline \text { Inventory } & 53,000 & 25,000 \\\hline \text { PP\&E, net } & 120,000 & 90,000 \\\hline \text { Total assets } & \$ 225,000 & \$ 168,000 \\\hline\end{array}$$
Additional information:
• Net sales (all on account) : $240,000
• Cost of goods sold: $110,000
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How much is the days in inventory ratio for 2014?

• A) 252.2
• B) 176.3
• C) 0.008
• D) 129.4

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Definitions:

Social Facilitation

The tendency for people to perform differently when in the presence of others versus when alone, typically showing improvement on simple tasks.

Running Quickly

The act of moving swiftly on foot, typically at a pace faster than walking.

Informational Social Influence

This refers to the phenomenon where individuals change their opinions or behaviors based on the information or evidence presented by others, especially in uncertain situations.

Normative Social Influence

The pull of social circles that drives us to amend our actions to achieve their liking and endorsement.