Based on the Following Data for the Current Year, What

Based on the following data for the current year, what is the number of days' sales in inventory? $$\begin{array} { l r } \text { Sales on account during year } & \$ 1,204,500 \\\text { Cost of goods sold during year } & 657,000 \\\text { Accounts receivable, beginning of year } & 75,000 \\\text { Accounts receivable, end of year } & 85,000 \\\text { Inventory, beginning of year } & 85,600 \\\text { Inventory, end of year } & 98,600\end{array}$$

A) 51.2
B) 44.4
C) 6.5
D) 7.5

Correct Answer:

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