Refer to the Following Selected Financial Information from Texas Electronics

question 59

Multiple Choice

Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) $\begin{array}{lrr}& \text { Year 2 } & \text { Year 1 } \\\text { Cash } & \$ 37,500 & \$ 36,850 \\\text { Short-term investments } & 90,000 & 90,000 \\\text { Accounts receivable, net } & 85,500 & 86,250 \\\text { Merchandise inventory } & 121,000 & 117,000 \\\text { Prepaid expenses } & 12,100& 13,500\\\text { Plant assets } & 388,000 & 392,000 \\\text { Accounts payable } & 113,400 & 111,750 \\\text { Net sales } & 711,000 & 706,000 \\\text { Cost of goods sold } & 390,000 & 385,500\end{array}$

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

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Definitions:

Outcomes

The results or consequences of actions taken by individuals or organizations.

Interactional Unfairness

The perception that interpersonal treatment or communication within an organization or social context is unjust or biased.

Dissatisfied

The feeling of unhappiness or discontentment resulting from unmet expectations or needs.

Boss

A person in charge of a worker or organization, responsible for direction, supervision, and evaluation of performance.