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Precision Tool 2011 and 2012 Balance Sheets 01 $8,384 11,500 17,500 3.825 2012 2011 $7,250 9,800 15,000 6357 011 Cash Accounts rec. Inventory Total Net fixed assets Tetal assets S2,060 3,411 18,776 $24,247 $1,003 4,218 21,908 S27.129 14.080 Accounts payable Long-term debt Common stock Retained earning Total liab& equity $38,407 41,209 Based on Precision's data answer questions 12 through 16 below: 12.80. How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values) A. 164.30 days B. 187.77 days C. 219.63 days D. 247.46 days E. 283.31 days Days' sales in inventory 365/($28,225/$21,908)-283.31 days Precision Tool 2011 and 2012 Balance Sheets 01 $8,384 11,500 17,500 3.825 2012 2011 $7,250 9,800 15,000 6357 011 Cash Accounts rec. Inventory Total Net fixed assets Tetal assets S2,060 3,411 18,776 $24,247 $1,003 4,218 21,908 S27.129 14.080 Accounts payable Long-term debt Common stock Retained earning Total liab& equity $38,407 41,209 Based on Precision's data answer questions 12 through 16 below: 12.80. How many days on average does it take Precision Tool to sell its inventory? (Use 2012 values) A. 164.30 days B. 187.77 days C. 219.63 days D. 247.46 days E. 283.31 days Days' sales in inventory 365/($28,225/$21,908)-283.31 days