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Business, 19.02.2021 17:00 loridoz

Sales for the year were $83,000. The balance sheet at the end of the year is given below: Assets Liabilities and Equity
Cash 12,000 Accounts payable 19,000
Marketable securities 2,000 Notes payable 6,000
Accounts receivable 6,000 Current liabilities 25,000
Inventory 41,000 Long-term debt 95,000
Current assets 61,000 Total liabilities 120,000
Machines 34,000 Paid-in capital 20,000
Real estate 80,000 Retained earnings 35,000
Net fixed assets 114,000 Equity 55,000
Total assets 149,000 Total lib. & equity 149,000

Required:
What is the firm's days' sales in inventory?

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Sales for the year were $83,000. The balance sheet at the end of the year is given below: Assets Li...
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