Question
Accounts Payable 420 Accounts Receivable 3,200 Capital Stock 240 Cash 100 Cost of Goods Sold 600 Inventory 380 Long-term Debt 4,640 Net Income 280 Property,
Accounts Payable | 420 |
Accounts Receivable | 3,200 |
Capital Stock | 240 |
Cash | 100 |
Cost of Goods Sold | 600 |
Inventory | 380 |
Long-term Debt | 4,640 |
Net Income | 280 |
Property, Plant, and Equipment (net) | 1,400 |
Retained Earnings | (220) |
Sales | 3,000 |
Note: The retained earnings amount reported is as of the END of the year (after the closing entries have been made).
Compute NUMBER OF DAYS SALES IN INVENTORY. Note: If you need to compute the average balance for any account, assume that the beginning-of-year balance is the same as the end-of-year balance reported above. Keep all calculations in your calculator and do not round until the end.
Group of answer choices
73 days
231.2 days
115.6 days
46.2 days
576.0 days
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