Waters Department Store had net credit sales of $12,000,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was (Points: 4) 122 days. 81 days. 61 days. 35 days.

1. Waters Department Store had net credit sales of $12,000,000 and cost of goods sold of $9,000,000 for the year. The average inventory for the year amounted to $2,000,000. The average number of days in inventory during the year was

• 122 days.
• 81 days.
• 61 days.
• 35 days.

Answer
81 days.