Biology Forums - Study Force

The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below.

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2020

2021

2022

Current assets	​	​	​
Cash	$  20,000	$  16,000	$  14,000
Accounts receivable, net	28,000	20,000	24,000
Inventory	22,000	30,000	28,000
Total current assets	70,000	66,000	66,000
Plant & equipment, net	62,000	60,000	40,000
Total assets	$132,000	$126,000	$106,000

Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022.

What is the average number of days to sell inventory for 2022?

▸ 141 days

▸ 137 days

▸ 133 days

▸ 146 days

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