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Selected financial statement numbers for Frederick Company are given below: Sales $277,480 Cost of goods sold 179,155 Average accounts receivable 20,730 Average inventory 4,145 Average

Selected financial statement numbers for Frederick Company are given below:

Sales

$277,480

Cost of goods sold

179,155

Average accounts receivable

20,730

Average inventory

4,145

Average property, plant, and equipment

75,705

Using the information above, calculate Frederick's number of days' sales in inventory (round to two decimal places).

  • 8.45 days
  • 42.25 days
  • 27.26 days
  • 154.01 days

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