Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023...
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Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable Inventory $80,000 84,000 $72,000 70,000 Net sales 400,000 372,000 Cost of goods sold 254,000 216,000 Total assets 850,000 810,000 Total stockholders' equity Net income 500,000 75,000 450,000 56,000 What is the average days in inventory for 2024? (Round all calculations to one decimal place.) Multiple Choice 70.2 days 101.4 days Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable Inventory $80,000 84,000 $72,000 70,000 Net sales 400,000 372,000 Cost of goods sold 254,000 216,000 Total assets 850,000 810,000 Total stockholders' equity Net income 500,000 75,000 450,000 56,000 What is the average days in inventory for 2024? (Round all calculations to one decimal place.) Multiple Choice 70.2 days 101.4 days
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