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What is the average days to sell inventory

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Question - The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below.

2013

2014

Current Assets

Cash

$16,000

$14,000

Accounts Receivable, net

20,000

24,000

Inventory

30,000

28,000

Total Current Assets

66,000

66,000

Plant & Equipment, net

60,000

40,000

Total Assets

126,000

106,000

Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.

What is the average days to sell inventory for 2014?

141 days

146 days

133 days

137 days

Reference no: EM132109089

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