Based on the following data for the current year, what is the number of days' sales in inventory (rounded to the next whole day)?
Net sales on account during the year
$1,204,000
Cost of merchandise sold during the year
630,000
Accounts receivable, beginning of year
75,000
Accounts receivable, end of year
85,000
Inventory, beginning of year
81,600
Inventory, end of year
98,600
a.
48
b.
30
c.
58
d.
53