Refer to the Following Selected Financial Information from Graceworks, Corp

question 195

Multiple Choice

Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) $$\begin{array} { | l | r | r | } \hline & \text { Year 2 } & { \text { Year 1 } } \\\hline \text { Merchandise inventory } & 271,000 & 253,500 \\\hline \text { Cost of goods sold } & 486,400 & 433,100 \\\hline\end{array}$$

• A) 113.3.
• B) 228.4.
• C) 203.4.
• D) 179.5.
• E) 215.1.

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Definitions:

Collective Bargaining

The process where unions and employers negotiate over wages, working conditions, benefits, and other aspects of employment.

Legally Binding

An agreement or contract that is enforceable by law, where parties are obligated to fulfill their contractual duties.

Unionization

The process by which workers form or become members of a labor union to collectively bargain for better wages, working conditions, and benefits.

Public Sector

The part of the economy that is controlled by the government, encompassing public services and enterprises.