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 $295,000, and sales were $690,000. The amount of merchandise on hand was $50,000, and total assets amounted to $585,000. What is the average number of days to sell inventory? (Use 365 days in a year. Round to the nearest day.)

A) 26 days
B) 62 days
C) 31 days
D) 40 days