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Based on the following data for the current year, what is the number of days'...

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Accounting

Based on the following data for the current year, what is the number of days' sales in receivable?

Net sales on account during year $578,168
Cost of goods sold during year 204,009
Accounts receivable, beginning of year 47,923
Accounts receivable, end of year 50,159
Inventory, beginning of year 87,293
Inventory, end of year 113,593

Round your answer up to the nearest whole day.

Select the correct answer.

31 days

72 days

63 days

129 days

Answer & Explanation Solved by verified expert
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