Presented below are certain account balances of Blossom Products Co. Rent revenue $7,170 Sales discounts $7,950 Interest expense 13,680 Selling expenses 99,450 Beginning retained earnings 114,870 Sales revenue 408,000 Ending retained earnings 134,840 Income tax expense 26,328 Dividend revenue 71,680 Cost of goods sold 184,188 Sales returns and allowances 12,490 Administrative expenses 84,550 Allocation to noncontrolling interest 20,520 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Blossom has allocation to noncontrolling interest of $20,520.
Based on the following data for the current year, what is the number of days' sales in inventory (rounded to one decimal place) ? Assume 365 days a year. Sales on account during year $500,771 Cost of goods sold during year 221,222 Accounts receivable, beginning of year 42,436 Accounts receivable, end of year 51,937 Inventory, beginning of year 30,786 Inventory, end of year 41,508 a. 59.6 b. 50.8 c. 68.5 d. 119.3
