The Following Company Information Is Available What Is the Company's Days Sales Outstanding? (Assume All Sales

Multiple Choice

The following company information is available: $$\begin{array} { | l | r | } \hline \text { Average accounts receivable } & \$ 500,000 \\\hline \text { Average inventories } & 130,000 \\\hline \text { Average accounts payable } & 110,000 \\\hline \text { Net sales } & 8,000,000 \\\hline \text { Cost of goods sold } & 1,200,000 \\\hline \text { Purchases } & 1,140,000 \\\hline\end{array}$$
What is the company's days sales outstanding? (Assume all sales are made on credit. Round your answer to one decimal place, X.X.)

A) 22.8
B) 9.2
C) 16.0
D) 2.4