Question: Based on the following data for the current year, what is the number of days' sales in inventory (rounded to nearest whole day)? Sales on
Based on the following data for the current year, what is the number of days' sales in inventory (rounded to nearest whole day)?
| Sales on account during year | $ 1,204,500 | |
| Cost of merchandise sold during year | 657,000 | |
| Accounts receivable, beginning of year | 75,000 | |
| Accounts receivable, end of year | 85,000 | |
| Merchandise inventory, beginning of year | 85,600 | |
| Merchandise inventory, end of year | 98,600 |
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