Inventory outstanding for Ohio Valley Homecare Suppliers

Ohio valley homecare suppliers, Inc, had $20 million in saldes in 2004. Its cost of goods sold was $8 million and its average inventory balance was $2,000,000

The average number of days inventory outstanding for Ohio Valley Homecare Suppliers (OVHS) in 2004 is

a. 30 days
b. 73 days
c. 91.10 days
d. 91.25 days
e. 89.9 days

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... goods sold was $8 million and the average inventory is $2 million. Dividing the total by the average gives ...