carducci corporation reported net sales of $3.50 million and beginning total assets of $1.00 million and ending total assets of $1.40 million. the average total asset amount is:

Sales are the activities that lead to the purchase of goods or services. Companies have split sales groups with a number of teams. These sales representatives are typically picked in accordance with the location, the item or service, or the target market.

Briefing:

1. Average Total asset amount = ( beginning Total assets + ending Total assets ) / 2

( 1 + 1.40 ) / 2 = $1.20 million

2. Days' sales in inventory for Year 2 = 360 days / Inventory Turnover ratio

where

Average Inventory / Cost of Goods Sold is the inventory turnover ratio.

391500 / ( 122500 + 126500 ) / 2

391500 / 124500

3.1446 times

So, Days' sales in inventory for Year 2 = 360 days / 3.1446 = 114.2 days

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The complete question is-

Carducci Corporation reported Net sales of $3.50 million and beginning Total assets of $1.00 million and ending Total assets of $1.40 million. The average Total asset amount is $0.29 million. $2.50 million. $2.10 million. $0.35 million. $1.20 million. Refer to the following selected financial information from McCormik, LLC. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Cash $ 37,800 $ 32,550 Short-term investments 93,000 61,500 Accounts receivable, net 87,000 81,000 Merchandise inventory 122,500 126,500 Prepaid expenses 12,400 10,000 Plant assets 389,500 339,500 Accounts payable 111,900 109,300 Net sales 712,500 677,500 Cost of goods sold 391,500 376,500 44.6. 114.2. 43.0. 81.1. 47.6.