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? $\begin{array}{ll}\$ 1,204,500 & \text { Net sales on account during year } \\657,000 & \text { Cost of merchandise sold churing year } \\75,000 & \text { Accounts receivable, begining of year } \\85,000 & \text { Accounts receivable, end of year } \\81,600 & \text { Inventory, beginning of year } \\98,600 & \text { Inventory, end of year }\end{array}$

A) 50.1
B) 45.3
C) 24.7
D) 29.9

Correct Answer:

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