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Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $465,779
Based on the following data for the current year, what is the number of days' sales in inventory?
Net sales on account during year | $465,779 |
Cost of goods sold during year | 214,798 |
Accounts receivable, beginning of year | 47,150 |
Accounts receivable, end of year | 51,498 |
Inventory, beginning of year | 33,525 |
Inventory, end of year | 41,347 |
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