James, Inc. provides the following data: Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net 2025 2024 $130,000 $127,000 75,000 51,000 41,000 49,000 128,000 98,000 For the year ending December 31, 2025: Net Sales Revenue $452,000 Cost of Goods Sold (305,000) Gross Profit $147,000 Calculate the number of days' sales in inventory for 2025. (Use 365 days for any calculations.) OA. 50.91 days B. 53.83 days OC. 111.62 days D. 49.06 days

James, Inc. provides the following data: Cash Accounts Receivable, Net Merchandise Inventory Property, Plant, and Equipment, Net 2025 2024 $130,000 $127,000 75,000 51,000 41,000 49,000 128,000 98,000 For the year ending December 31, 2025: Net Sales Revenue $452,000 Cost of Goods Sold (305,000) Gross Profit $147,000 Calculate the number of days' sales in inventory for 2025. (Use 365 days for any calculations.) OA. 50.91 days B. 53.83 days OC. 111.62 days D. 49.06 days

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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