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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 $484,710
Based on the following data for the current year, what is the number of days' sales in inventory?
Net sales on account during year | $484,710 |
Cost of goods sold during year | 153,008 |
Accounts receivable, beginning of year | 47,941 |
Accounts receivable, end of year | 54,716 |
Inventory, beginning of year | 30,798 |
Inventory, end of year | 38,796 |
Do not round interim calculations. Round your final answer up to the nearest whole day.
Select the correct answer.
83 days
4 days
365 days
123 days
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