Question: Question Content Area Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year. Sales

  1. Question Content Area

    Based on the following data for the current year, what is the number of days' sales in inventory? Assume 365-day year.

    Sales on account during year $598,362
    Cost of goods sold during year 188,249
    Accounts receivable, beginning of year 44,701
    Accounts receivable, end of year 51,459
    Inventory, beginning of year 31,666
    Inventory, end of year 38,085

    Do not round interim calculations. Round your final answer up to the nearest whole day.

    a.5

    b.365

    c.93

    d.68

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