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John byers owns and operates byers building supplies the

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John Byers owns and operates Byers Building Supplies. The following information was taken from his financial statements: Balance Sheet: 12/31-2 12/31-1 Accounts Receivabe $700 $500 Inventory 300 100 Income Statement: Net Credit Sales = $7200 Cost of Goods Sole= 5,000 All sales are made on account. Based on the above informatin, on average, approximately how many days pass from the time Byers purchases inventory until he receives cash from customers?

Reference no: EM13603050

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