Use the following information for Ephron Company to compute days' sales in inventory for Year 2. (Use 365 days in a year.) Year 2 Year 1Net sales$547,500$572,000Cost of goods sold 348,500 370,840Ending inventory 75,700 81,400
A. 50.5
B. 82.3
C. 76.8
D. 79.3
E. 52.4
Answer: D
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