Based on the Following Data for the Current Year, What

question 59

Multiple Choice

Based on the following data for the current year, what is the number of days' sales in inventory
$\begin{array}{lr}\text { Sales on account during year } & \$ 1,204,500 \\\text { Cost of goods sold during year } & 657,000 \\\text { Accounts receivable, beginning of year } & 75,000 \\\text { Accounts receivable, end of year } & 85,000 \\\text { Inventory, beginning of year } & 85,600 \\\text { Inventory, end of year } & 98,600\end{array}$

• A) 51.2
• B) 44.4
• C) 6.5
• D) 7.5

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Definitions:

Coal

A combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams, used primarily as a source of energy.

Carbon Monoxide

A colorless, odorless, and poisonous gas produced by incomplete combustion of carbon-containing materials.

Ozone

A molecule made up of three oxygen atoms that occurs naturally in the Earth's stratosphere and protects life by absorbing ultraviolet radiation.

Troposphere

The troposphere is the lowest layer of Earth's atmosphere, extending from the Earth's surface up to about 8 to 15 kilometers, where most weather phenomena occur.