The following balance sheet information is provided for Patton Company: AssetsYear 2 Year 1Cash$3900? $3500? Accounts receivable 13,400? 15,400? Inventory$35,500? $42,500? Assuming Year 2 cost of goods sold is $379,000, what is the company's average days to sell inventory? (Use 365 days in a year. Do not round your intermediate calculations.)
A. 34.19 days
B. 37.56 days
C. 55.00 days
D. 40.93 days
Answer: B
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