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 $484,710

Based on the following data for the current year, what is the number of days' sales in inventory?

Net sales on account during year $484,710
Cost of goods sold during year 153,008
Accounts receivable, beginning of year 47,941
Accounts receivable, end of year 54,716
Inventory, beginning of year 30,798
Inventory, end of year 38,796

Do not round interim calculations. Round your final answer up to the nearest whole day.

Select the correct answer.

83 days

4 days

365 days

123 days

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