Question: Based on the following data for the current year, what is the number of days' sales in receivable? Net sales on account during year $511,568
Based on the following data for the current year, what is the number of days' sales in receivable?
Net sales on account during year $511,568
Cost of goods sold during year 187,050
Accounts receivable, beginning of year 47,124
Accounts receivable, end of year 46,976
Inventory, beginning of year 93,002
Inventory, end of year 113,859
Round your answer up to the nearest whole day.
Select the correct answer.
34 days
81 days
74 days
133 days
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