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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

Refer to the Following Selected Financial Information from Graceworks, Corp