Question: Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year
Based on the following data for the current year, what is the number of days' sales in inventory? Net sales on account during year $450,711 Cost of goods sold during year 189,655 Accounts receivable, beginning of year 40,127 Accounts receivable, end of year 50,253 Inventory, beginning of year 30,339 44,631 Inventory, end of year Do not round interim calculations. Round your final answer up to the nearest whole day. Select the correct answer. 5 days 72 days 365 days 87 days
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