Gibson's has sales for the year of $545,400, cost of goods sold equal to 86 percent of sales, and an average inventory of $82,200. The profit margin is 8 percent and the tax rate is 35 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year. O 68.54 days O 58.64 days 63.97 days 51.17 days O 55.01 days

Gibson's has sales for the year of $545,400, cost of goods sold equal to 86 percent of sales, and an average inventory of $82,200. The profit margin is 8 percent and the tax rate is 35 percent. How many days, on average, does it take the company to sell an inventory item? Assume 365 days per year. 68.54 days 58.64 days 63.97 days 51.17 days 55.01 days