Question: Based on the following data for the current year, what is the days' sales in inventory (rounded to the next whole day)? Net sales on

Based on the following data for the current year, what is the days' sales in inventory (rounded to the next whole day)? Net sales on account during the year $1,204,000 Cost of merchandise sold during the year 630,000 Accounts receivable, beginning of year 75,000 Accounts receivable, end of year 85,000 Inventory, beginning of year Accounts receivable, beginning of year 75,000 Accounts receivable, end of year 85,000 Inventory, beginning of year 81,600 Inventory, end of year 98,600 O a. 30 days O b.58 days O c. 53 days O d. 60 days O e. 48 days
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