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Based on this information: 20X1 20X2 Net Sales Revenues $200,000 $250,000 Less: Cost of Goods Sold $120,000 $135,000 Gross Margin $80,000 $115,000 Less: Operating Expenses

Based on this information:

20X1 20X2
Net Sales Revenues $200,000 $250,000
Less: Cost of Goods Sold $120,000 $135,000
Gross Margin $80,000 $115,000
Less: Operating Expenses $60,000 $70,000
Net Income $20,000 $35,000

And given the following selected balance sheet information for the same company:

12/31/X1 12/31/X2
Accounts Receivable $20,000 $30,000
Inventory $30,000 $50,000
Accounts Payable $15,000 $20,000

Calculate the number of days sales in inventory for the year 20X2 (Round to the nearest whole number of days).

a. 47 days

b. 58 days

c. 108 days

d. 115 days

e. none of the above

I think im missing something because the answers ive gotten have been none of the above. Any help is appreciated! thank you

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