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Compute the company days sales in inventory

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Reference no: EM133044140

Question - Refer to the following selected financial information from Fennie's, LLC.

 

Year 1

Year 2

Cash

37,500

32,250

Short-term investments

90,000

60,000

Accounts receivable, net

85,500

79,500

Merchandise inventory

121,000

125,000

Prepaid expenses

12,100

9,700

Plant assets

388,000

338,000

Accounts payable

113,400

107,800

Net sales

711,000

107,800

Cost of goods sold

390,000

375,000

Required - Compute the company days sales in inventory for Year 2.

Reference no: EM133044140

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