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.) Year 2 Year 1 Merchandise inventory281,000? 263,500? Cost of goods sold476,400? 423,100?
A. 227.3
B. 221.0
C. 242.4.
D. 215.3.
E. 201.9
Answer: D
Business
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