Question: QUESTION 16 Based on the following data for the current year, what is the number of days' sales in inventory? (HINT: # days sales in

QUESTION 16 Based on the following data for the current year, what is the number of days' sales in inventory? (HINT: # days sales in Inventory = Average Inventory/Average Daily COGS) Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year O a. 24.7 O b. 50.1 O c. 29.9 O d. 45.3 $1,204,500 657,000 75,000 85,000 81,600 98,600

Based on the following data for the current year, what is the number of days' sales in inventory? (HINT: \# days sales in Inventory = Average Inventory/Average Daily COGS) Net sales on account during year Cost of merchandise sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year a. 24.7 b. 50.1 c. 29.9 d. 45.3

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