Question: Answer all 3 please !!! s) Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2.
s) Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales uncollected for Year 2. (Use 36s daye a year.) Year 2 Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold S 39,200 33,950 68,500 88,000 129,500133,500 11,400 396,500346,500 116,300 107,600 13,800 104,900 719,500684,500 398,500 383.500 A) 47.7 B) 46.1 C 54.3. D) 86.1. E) 118.6. 9) A company's income statement showed the following: net income, $129.000 and depreciation expense, $31.500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9900; merchandise inventory increased $19,000; and accounts payable increased $3900. Calculate the net cash provided or used by operating activities A) S165,700. B) $185,500 Q $123,000. D) $127,700. E) $155,300. 10) In preparing a company's statement of cash flows for the most recent year using the 10) indirect method, the following information is available: Net income for the year was Accounts payable decreased by Accounts receivable increased by Inventories increased by Depreciation expense was - 58,000 21,000 28,000 8000 36,000 Net cash provided by operating activities was: A) $37,000, B) $63,000. $79,000 ) $$8,000. 95,000
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