Compute the company’s days’ sales in inventory for Year 2. (Use 365 days a year.
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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.)
Merchandise Investment Year 1 $270,000 year 2 $288,000
Cost of goods sold year 1 $416,100 year 2 $469,400
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