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 Fawnsworth Industries \text { Fawnsworth Industries }  Below are some financial data for Fawnsworth Industries’ current year. \text { Below are some financial data for Fawnsworth Industries' current year. }

question 141

Multiple Choice

 Fawnsworth Industries \text { Fawnsworth Industries }

 Below are some financial data for Fawnsworth Industries’ current year. \text { Below are some financial data for Fawnsworth Industries' current year. }

 Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000\begin{array}{lr}\text { Net sales on account during year } & \$ 500,000 \\\text { Cost of merchandise sold during year } & 300,000 \\\text { Accounts receivable, beginning of year } & 45,000 \\\text { Accounts receivable, end of year } & 35,000 \\\text { Inventory, beginning of year } & 90,000 \\\text { Inventory, end of year } & 110,000\end{array}

-Refer to the data for Fawnsworth Industries.
Based on this information,what is Fawnsworth's number of days' sales in receivables (assuming a 360-day year) ?

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Definitions:

Phaneritic Texture

A texture of igneous rocks characterized by large, visible crystals, indicative of slow cooling magma.

Trapped Gas

Trapped gas refers to gas that has been contained within another material, such as within rock formations or ice, which can be released under certain conditions.

Andesite

An intermediate-composition igneous rock that is the fine-grained equivalent of diorite; typically gray or greenish-gray, commonly with phenocrysts of cream-colored feldspar or dark amphibole.

Magma Chamber

A reservoir of molten rock beneath the surface of the Earth or a volcano.

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