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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 $532,425
Based on the following data for the current year, what is the number of days' sales in inventory?
Net sales on account during year | $532,425 |
Cost of goods sold during year | 212,967 |
Accounts receivable, beginning of year | 45,796 |
Accounts receivable, end of year | 52,025 |
Inventory, beginning of year | 30,933 |
Inventory, end of year | 37,746 |
Do not round interim calculations. Round your final answer up to the nearest whole day.
Select the correct answer.
A 59 days
B 84 days
C 6 days
D 365 days
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