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Over the last year, CajoodCorp. reported net sales of $24,102, accounts receivable of $3,640, inventory of $2,355, and accounts payable of $1,757.The company's cost of
Over the last year, CajoodCorp. reported net sales of $24,102, accounts receivable of $3,640, inventory of $2,355, and accounts payable of $1,757.The company's cost of goods sold has remained constant at 60% of sales for the last several years and is expected to remain so in the forseeable future.Based on these values, what is the company's days of sales in inventory (DSI)?Round to two decimal places (Ex. 0.00).
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