WebSearch Service, Inc. has sales for the year of $675,000, cost of goods sold equal to 59 percent of sales, and an average inventory of $53,875. The profit margin is 8 percent and the tax rate is 20 percent. How many days on average does it take the firm to sell an inventory item?

49.38 days

73.76 days

29.13 days

52.53 days

49.49 days