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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Transcribed Image Text: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
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