The Following Information Was Obtained from the Accounting Records of the Guerra

question 32

Multiple Choice

The following information was obtained from the accounting records of the Guerra Corporation for 2010: $\begin{array}{ll}\text { Cost of goods sold }&\$3,600,000\\\text { Merchandise inventory: }\\&\text { January } 1 & 400,000 \\&\text { December } 31 & 460,000\end{array}$
Assuming a business year consisting of 365 days, what was Guerra's number of days' sales in inventories for 2010?

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