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Burnside's Has Accounts Receivable of $42,600,inventory of $97,200,sales of $614,200,and

Question 5

Multiple Choice

Burnside's has accounts receivable of $42,600,inventory of $97,200,sales of $614,200,and cost of goods sold of $298,400.How long does it take the firm to sell its inventory and collect payment on the sale?


A) 107.14 days
B) 136.06 days
C) 127.78 days
D) 144.21 days
E) 115.52 days

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