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During the current year, Carl Equipment Stores had net sales of $740 million, a cost of goods sold of $704 million, average accounts receivable of
During the current year, Carl Equipment Stores had net sales of $740 million, a cost of goods sold of $704 million, average accounts receivable of $84 million, and average inventory of $64 million. Assuming a 365-day year, the average number of days required for Carl Equipment to sell its inventory is: (Round your final answer to the nearest whole number.) Multiple Choice 44 days. 33 days. 30 days. 332 days.
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