Find days-firm to sell inventory if all sales are on credit


Big Foot Wholesalers has sales of $1,387,400, cost of goods sold of $891,400, inventory of $188,936, and accounts receivable of $94,800. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?

a. 86.3 days
b. 49.8 days
c. 77.4 days
d. 53.2 days

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Finance Basics: Find days-firm to sell inventory if all sales are on credit
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