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

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

Net sales on account during year $518,008
Cost of merchandise sold during year 200,927
Accounts receivable, beginning of year 46,977
Accounts receivable, end of year 48,221
Inventory, beginning of year 86,250
Inventory, end of year 110,440

Select the correct answer.

78 days
142 days
69 days
34 days

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