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An extract from a retail clothing company's 2021 financial statements follows: company's 2021 financial statements Balance sheet As of December 31, 2021 As of December
An extract from a retail clothing company's 2021 financial statements follows: company's 2021 financial statements Balance sheet As of December 31, 2021 As of December 31, 2020 Cash and equivalents 3,996 4,233 Accounts receivable 3,979 3,386 Financing receivables 3,912 3,794 Inventory 4,511 2,674 Other current assets 2,460 2,469 Total current assets 18,878 16,556 Notes payable and other short-term borrowings 3,552 3,755 Accounts payable 7,004 5,383 Employee compensation and benefits 1,778 1,391 Taxes on earnings 169 148 Deferred revenue 3,408 3,430 Accrued restructuring 290 366 Other accrued liabilities 4,486 4,265 Total current liabilities 20,687 18,738 Total assets 57,699 54,015 Income statement Year ended December 31, 2021 Year ended December 31, 2020 Sales 27,764 26,982 Cost of goods sold 18,196 18,242 Gross profit 9,568 8,740 What was the company's days sales of inventory for 2021? Group of answer choices 125.1 76.3 71.57 62.3
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