Cloche's Hats had sales for the year of $697,100 and cost of goods sold equal to 58 percent of sales. The inventory at the beginning of the year was $126,700 and the end-of-year inventory was $143,600. What was the company's inventory period? Assume 365 days in a year.

Multiple Choice

122.01 davs

129.64 days

111.20 days

114.38 days

108.03 days