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Use the following information regarding Black Company and Red Company to answer the question Which amount is equal to Red Company days in inventory
Use the following information regarding Black Company and Red Company to answer the question "Which amount is equal to Red Company "days in inventory" for 2021 (to the closest decimal place)?" (Use 365 days for calculation.) Year Inventory Turnover Ending Inventory Black Company 2020 $26340 2021 8.7 $29890 2022 8.4 $30100 Red Company 2020 $25860 2021 7 $24750 2022 7.5 $22530 43.5 days 48.7 days 52.1 days 42.0 days
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