Question: Based on the following data for the current year, what is the days' sales in inventory? Sales on account during year $531,030 Cost of
Based on the following data for the current year, what is the days' sales in inventory? Sales on account during year $531,030 Cost of goods sold during year 161,379 Accounts receivable, beginning of year 47,158 Accounts receivable, end of year 46,271 Inventory, beginning of year 34,741 40,861 K Inventory, end of year Assume 365 days a year. Do not round interim calculations. Round your final answer up to the nearest whole day. a. 86 b. 4 c. 106 Od. 365
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