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The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2022: January 1 December 31 Accounts
The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2022: January 1 December 31 Accounts receivable $126,000 $139,000 Inventory $163,000 131,000 The following information was taken from Buckeye Company's 2022 income statement: Sales revenue $967,250 Cost of goods sold $429,240 Salaries expense $211,390 Income tax expense $ 97,986 Net income $228,634 Calculate the average number of days that elapse between Buckeye Company buying their inventory from suppliers and then selling the inventory to customers
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