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The following balance sheet information is provided for Patton Company: Assets Cash Accounts receivable Inventory Year 2 $2,800 $ 12,300 $24,500 Year 1 $2,400 $14,300
The following balance sheet information is provided for Patton Company: Assets Cash Accounts receivable Inventory Year 2 $2,800 $ 12,300 $24,500 Year 1 $2,400 $14,300 $31,500 Assuming Year 2 cost of goods sold is $368,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.) Multiple Choice O O 27.77 days O O 24.30 days O 31.24 days O 53.00 days
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