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Sugar, Inc. sells $549,300 of goods during the year that have a cost of $438,600. Inventory was $30,183 at the beginning of the year and

Sugar, Inc. sells $549,300 of goods during the year that have a cost of $438,600. Inventory was $30,183 at the beginning of the year and $34,438 at the end of the year.

How long on average does it take to sell something from inventory after it is purchased?(Use 365 days in a year. Do not round your intermediate calculations. Round your final answer to one decimal place.)

Multiple Choice

  • 13.6 day
  • 107.4 day
  • 21.5 day
  • 26.9 day

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