Question: Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365
Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year.
| Sales on account during year | $419,853 |
| Cost of goods sold during year | 195,537 |
| Accounts receivable, beginning of year | 48,016 |
| Accounts receivable, end of year | 52,503 |
| Inventory, beginning of year | 91,781 |
| Inventory, end of year | 108,736 |
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