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Compute days sales in inventory

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Reference no: EM132502244

South Texas Trucking Inc. provides the following year end data:

                                    2019                          2018

Cash                               $54,000                $28,000

Accounts Receivable               40,000              38,000

Merchandise Inventory             70,000               27,000

Property, Plant & Equip             109,000                93,000

Sales Revenue                    $370,000

Cost of Goods Sold                 140,000

Gross Profit                             130,000

Question 1: Calculate days' sales in inventory for 2019?

Reference no: EM132502244

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