Problem: 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