The following are extracts from the income statement for the year ended 31 December 2009 and the balance sheet as at 31 December 2009 for RAO LLC

$000

Sales revenue

20,000

Cost of sales

(17,000)

Distribution costs

(600)

Administrative expenses

(400)

Net interest

(300)

Taxation

(1,000)

Dividends

(200)

Non-current assets

20,000

Current assets

Inventories

5,000

Trade receivables

3,000

Investments

1,500

Cash and bank

500

Current liabilities

Bank overdraft

1,650

Trade payables

6,000

Taxation

1,000

Dividend (proposed)

200

Non-current liabilities

Loan

1,000

Equity

Ordinary shares

4,000

Share premium account

4,650

Retained earnings

11,500

The beginning balance of inventory is the same as the ending balance.

Required:

Calculate the days in inventory of the company

Select one: a. 214 b. 174 c. 107 d. 236