Average Number Of Days In Inventory 547956

Waters Department Store had net credit sales of $16,000,000 and cost of goods sold of $12,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was:

a.91 days.

b.61 days.

c.46 days.

d. 26 days.