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Question - Refer to the following selected financial information from Fennie's, LLC.
Year 1
Year 2
Cash
37,500
32,250
Short-term investments
90,000
60,000
Accounts receivable, net
85,500
79,500
Merchandise inventory
121,000
125,000
Prepaid expenses
12,100
9,700
Plant assets
388,000
338,000
Accounts payable
113,400
107,800
Net sales
711,000
Cost of goods sold
390,000
375,000
Required - Compute the company days sales in inventory for Year 2.
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