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How long does take the firm to sell inventory and collect

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Reference no: EM132755946

Problem 1: Burnside's has accounts receivable of $42,600, inventory of $97,200, sales of $614,200, and cost of goods sold of $298,400. How long does it take the firm to sell its inventory and collect payment on the sale?

Option 1: 136.06 days
Option 2: 144.21 days
Option 3: 115.52 days
Option 4: 107.14 days
Option 5: 127.78 days

Reference no: EM132755946

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