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.) Year 2Year 1 Cash$38,500? $33,250? ?Short-term investments 100,000? 65,000? ?Accounts receivable, net 90,500? 84,500? ?Merchandise inventory 126,000? 130,000? ?Prepaid expenses 13,100? 10,700? ?Plant assets 393,000? 343,000? ?Accounts payable 108,400? 112,800? ?Net sales 716,000? 681,000? ?Cost of goods sold 395,000? 380,000? ???
A. 51.0.
B. 116.4.
C. 44.5.
D. 83.6.
E. 46.1.
Answer: B
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