Your company reports cost of goods sold of $398,600 for the year. Inventory was $29,783 at the beginning of the year and S34,038 at the end of the year. What is the days to sell ratio for the year (rounded to one decimal place)? (Hint: Inventory turnover ratio COGS Average inventory and Days to Sell 365 + Inventory Turnover Ratio) A) 12.5 days B) 13.4 days C) 21.7 days D) 29.2 days ABC Corp. reported net income of $63,000 for 2011 and had a tax rate of 30%. Net sales were S300,000 and Operating expenses were $90,000 for the year. Assuming there were no other revenues and expenses, what did ABC report for cost of goods sold for 2011? A) $175,000 B) $160,000 C) $147,000 D) $120,000