Barron Industries has the following information: Sales Revenue $ 645,000 Ending inventory 69,000 Cost of Goods Sold 490,000 Beginning inventory 59,000 What is Barron's number of days to sell? (Round intermediate calculations to 2 decimal places. Assume 365 days a year.)

47.67 days

Explanation:

The computation of the number of days to sell is shown below:

Number of days to sell is

= Average inventory : Cost of goods sold * Total number of days in a year

Where

Annual inventory is

= (Beginning inventory + ending inventory) : 2

= ($59,000 + $69,000) : 2

= $64,000

So the number of days to sell is

= $64,000 : $490,000 * 365 days

= 47.67 days