Waylon Appliances Is a Large Applicance Retailer with More Than

question 98

Multiple Choice

Waylon Appliances is a large applicance retailer with more than 800 stores in the U.S.The following financial information relates to fiscal 2017 and 2018. $\begin{array}{lrr}\text { (In Millions) } & \mathbf { 2 0 1 8 } & \mathbf { 2 0 1 7 } \\\text { Sales } & \$ 42,286 & \$ 40,185 \\\text { Cost of goods sold } & 33,000 & 31,000 \\\text { Accounts receivable } & 820 & 960 \\\text { Merchandise inventory } & 2,900 & 2.700\end{array}$ How much is the company's days' sales in inventory for 2018 and 2017, respectively?

• A)32.08, 31.79 days
• B)41.52, 41.91 days
• C)11.38, 11.48 days
• D)2.13; 3.15 days