QUESTION 24 In a common-sized income statement, 100% is the a. net cost of goods sold b.net income c. sales d. gross profit QUESTION 25 Based on the following data for the current year, what is the number of days' sales in inventory? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning Inventory, end of year $1,204,500 657,000 75,000 85,000 85,600 98,600 of year a. 6.5 b. 51.2 c. 7.5 d. 44.4