Answer:
32.72 days(Approx)
Explanation:
Given that,
Company Y:
Cost of goods sold = $9,112,500
Average Inventory = $817,000
Therefore, the average number of days to sell inventory for Company Y is as follows:
= (Average inventory ÷ Cost of goods sold) × 365 days
= ($817,000 ÷ $9,112,500) × 365 days
= 32.72 days(Approx)
Hence, the average number of days to sell inventory for Company Y is 32.72 days.
