The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below. Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022?
A)133 days
B)137 days
C)141 days
D)146 days

Question

The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below.  Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022?
A)133 days 
B)137 days 
C)141 days 
D)146 days

Quizplus · Accepted Answer

The Answer of The 2020, 2021, and 2022 partial balance sheets for Ottoman Manufacturing Company appear below.  Net credit sales for Ottoman were $126,000 for 2020, $120,000 for 2021 and $114,000 for 2022, while cost of goods sold was $84,000 for 2020, $82,400 for 2021 and $72,500 for 2022. What is the average number of days to sell inventory for 2022?
A)133 days 
B)137 days 
C)141 days 
D)146 days

The 2020, 2021, and 2022 Partial Balance Sheets for Ottoman