Answer:
47.67 days
Explanation:
The computation of the number of days to sell is shown below:
Number of days to sell is
= Average inventory ÷ Cost of goods sold × Total number of days in a year
Where
Annual inventory is
= (Beginning inventory + ending inventory) ÷ 2
= ($59,000 + $69,000) ÷ 2
= $64,000
So the number of days to sell is
= $64,000 ÷ $490,000 × 365 days
= 47.67 days
