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On its most recent financial statements, Gevelyn Inc. reported net sales of $221,000, accounts receivable of $33,000, inventories of $66,000, and accounts payable of $53,000.
On its most recent financial statements, Gevelyn Inc. reported net sales of $221,000, accounts receivable of $33,000, inventories of $66,000, and accounts payable of $53,000. Gevelyn's COGS are 80% of its net sales. What is Gevelyn's days of sales in inventory? Round to two decimal places (Ex. 0.00).
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