The Up-Towner has sales of s913,400, costs of goods sold of $79,300, inventory of $187400, take the firm to sell its and accounts receivable of $78,900. How many days, on average, does it inventory assuming that all sales are on credit? A) 118.08 daysB) 84.69 daysC) 106.46 daysD) 74.19 daysE) 121.07 days

862.56 days

Explanation:

Given that,

sales of = $913,400,

costs of goods sold = $79,300,

inventory = $187400,

Accounts receivable = $78,900

Cost of goods sold per day:

= Cost of Good Sold : 365 days in a year

= $79,300 : 365

= $217.26

Inventory Days:

= Inventory : Cost of goods sold per day

= $187400 : 217.26

= 862.56 days