For the year ended december 31, depot max's cost of merchandise sold was $56,900. inventory at the beginning of the year was $6,540. ending inventory was $7,250. depot max's number of days' sales in inventory is closest to
a. 42
b. 46
c. 8
d. 44

option (b) 46

Explanation:

Data provided in the question:

Max's cost of merchandise sold = $56,900

Inventory at the beginning of the year = $6,540

Ending inventory = $7,250

Now,

Depot Max's number of days' sales in inventory

=

or

=

or

= 45.86 ≈ 46

Hence,

Depot Max's number of days' sales in inventory is closest to option (b) 46

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