Answer:
The number of days, on average, takes the firm to sell its inventory: c. 121.07 days
Explanation:
The number of days takes the firm to sell its inventory indicates how many days on average a company turns its inventory into sales, is calculated by following formula:
Days' sales in inventory = (Inventory/Costs of goods sold) x 365
Al's Sport Store has costs of goods sold of $628,300, inventory of $208,400
Days' sales in inventory = ($208,400/$628,300) x 365 = 121.07 days
