Gibson's has sales for the year of $540,400, cost of goods sold equal to 76 percent of sales, and an average inventory of $79,200. The profit margin is 6 percent and the tax rate is 38 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year.

Multiple Choice:

42.23 days

75.41 days

53.49 days

64.52 days

70.39 days