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What is the approximate days of sales in inventory

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Reference no: EM133008563

Question - Consider the following information for a company: Sales (all credit): $6,000,000; Cost of Goods Sold: 80% of Sales; Accounts receivable: $350,000; Inventory: $600,000; Accounts payable: $150,000.

Required - What is the approximate Days of Sales in Inventory? Use 1 year = 365 days.

a. 21 days

b. 46 days

c. 11 days

d. 56 days

Reference no: EM133008563

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