Data from Estrin Corporation's Most Recent Balance Sheet and Income

Multiple Choice

Data from Estrin Corporation's most recent balance sheet and income statement appear below: $$\begin{array} { | l | r | r | } \hline & \text { This Y ear } & \text { Last Year } \\\hline \text { Accounts receivable } & \$ 109,000 & \$ 106,000 \\\hline \text { Inventory } & \$ 139,000 & \$ 158,000 \\\hline \text { Sales on account } & \$ 787,000 & \\\hline \text { Cost of goods sold } & \$ 501,000 & \\\hline\end{array}$$ The average sale period for this year is closest to:

A) 101 days
B) 50 days
C) 108 days
D) 45 days