Question: Based on the following data for the current year, compute the number of days' sales in accounts receivable? Net sales on account during the year

Based on the following data for the current year, compute the number of days' sales in accounts receivable?

Net sales on account during the year

$ 800,000
Cost of merchandise sold during the year

300,000
Accounts receivable, beginning of year

45,000
Accounts receivable, end of year

35,000
Inventory, beginning of year

90,000
Inventory, end of year

110,000

A. 7.5

B. 18.25

C. 16.0

D. 20.5

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