The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below. Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.
What is the average number of days to sell inventory for 2014?
A)133 days
B)137 days
C)141 days
D)146 days

Question

The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below.  Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.
What is the average number of days to sell inventory for 2014?
A)133 days 
B)137 days 
C)141 days 
D)146 days

Quizplus · Accepted Answer

The Answer of The 2013 and 2014 partial balance sheets for Ottoman Industries is shown below.  Sales revenue for Ottoman was $120,000 for 2013 and $114,000 for 2014 while cost of goods sold was $82,400 for 2013 and $72,500 for 2014.
What is the average number of days to sell inventory for 2014?
A)133 days 
B)137 days 
C)141 days 
D)146 days

The 2013 and 2014 Partial Balance Sheets for Ottoman Industries