What tinker average number of days to sell inventory

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Problem 1: Tinker's cost of goods sold in the year of sale (2016) was $930,000 and 2015 cost of goods sold was $950,000. The inventory at the end of 2016 was $206,000 and at the end of 2015 the inventory was $226,000. Tinker's average number of days to sell its inventory during 2016 is closest to: (Use 365 days a year. Do not round intermediate calculations.)

Option 1: 84.77 days

Option 2: 86.83 days

Option 3: 82.99 days

Option 4: 80.85 days

Reference no: EM132840776

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