Pascarelli Corporation's inventory at the end of Year 2 was $140,000 and its inventory at the end of Year 1 was $170,000. Cost of goods sold amounted to $960,000 in Year 2. The company's average sale period (turnover in days) for Year 2 is closest to: (Assume 365 days a year. Round your intermediate answers to 2 decimal places.) 

a. 52.8 days 

b.53.2 days 

c.59.0 days 

d.65.2 days

Answer rating: 100% (QA)

59 days Working Inventory turnover Cost of goods sold Avera... View the full answer