Misty Mountain Outfitters Is a Merchandiser of Specialized Fly Fishing

Multiple Choice

Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $1,838,600, and sales were $2,831,300. The amount of merchandise on hand was $489,000, and total assets amounted to $2,924,200. What is the average number of days to sell inventory? (Do not round your intermediate calculations. Use 365 days in a year. Round to the nearest day.)

A) 97 days
B) 63 days
C) 61 days
D) 180 days