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Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in...

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Accounting

Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Shannon Corporation reported the following data for 2021 and 2020:

2021 2020
Cash $131,000 $126,000
Accounts Receivable, Net 84,000 59,000
Merchandise Inventory 43,000 42,000
Property, Plant, and Equipment, Net 130,000 96,000
For the year ending December 31, 2021:
Net Sales Revenue $460,000
Cost of Goods Sold (335,000)
Gross Profit $125,000
What was Shannon Corporation's days' sales in inventory for 2021?

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