Titan Outdoor Gear reported the following financial data for the year: Annual Sales (on credit) = $3,150 Cost of Goods Sold (COGS) = $2,400 Ending Inventory = $600 Accounts Receivable = $490 How many days, on average, does it take Titan Outdoor Gear to sell its inventory? (Use 365 days in a year)

Titan Outdoor Gear reported the following financial data for the year: Annual Sales (on credit) = $3,150 Cost of Goods Sold (COGS) = $2,400 Ending Inventory = $600 Accounts Receivable = $490 How many days, on average, does it take Titan Outdoor Gear to sell its inventory? (Use 365 days in a year)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 9P: Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were 4,562,500 and...

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Question

Please read properly my financial accounting question and give accurate answer this financial accounting question

Titan Outdoor Gear reported the following financial data for the
year:
Annual Sales (on credit) = $3,150
Cost of Goods Sold (COGS) = $2,400
Ending Inventory = $600
Accounts Receivable = $490
How many days, on average, does it take Titan Outdoor Gear
to sell its inventory?
(Use 365 days in a year)

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