Question: The correct answer is 56.75 but cant seem to get that answer. Based on the information in the table, and using cost of goods sold

The correct answer is 56.75 but cant seem to get that answer.

Based on the information in the table, and using cost of goods sold and a 365-day year, calculate Days of Sales in Inventory (using cost of goods sold).

Round the answers to two decimal places

Balance Sheet December 31, 2014

Cash and marketable securities

$132,000

Accounts payable

$399,000

Accounts receivable

$311,000

Notes payable

$98,500

Inventories

$512,000

Accrued expenses

$89,300

Prepaid expenses

$11,300

Total current liabilities

$586,800

Total current assets

$966,300

Long-term debt

$799,400

Gross fixed assets

$2,104,000

Par value and paid-in-capital

$298,000

Less: accumulated depreciation

$398,000

Retained Earnings

$988,100

Net fixed assets

$1,706,000

Common Equity

1,286,100

Total assets

$2,672,300

Total liabilities and owner

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