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The Chamberlain Corporation reported the following:
| Year 3 | | Year 2 | | Year 1 | |
Income Statement | | | | | | |
Revenue | 12,300 | | 10,800 | | 8,900 | |
Cost of goods sold | 10,200 | | 9,600 | | 6,400 | |
Selling & admin. expenses | 950 | | 800 | | 1,200 | |
Net Income | 1,150 | | 400 | | 1,300 | |
| | | | | | |
Balance Sheet | | | | | | |
Assets | | | | | | |
Cash | 880 | | 620 | | 700 | |
Accounts receivable | 300 | | 250 | | 280 | |
Inventory | 3,200 | | 3,000 | | 2,800 | |
Property & equipment (net) | 9,930 | | 9,810 | | 10,400 | |
Total Assets | 14,310 | | 13,680 | | 14,180 | |
| | | | | | |
Liabilities | | | | | | |
Accounts payable | 1,160 | | 1,080 | | 980 | |
Long term liabilities | 9,000 | | 9,200 | | 8,900 | |
| | | | | | |
Stockholders' Equity | | | | | | |
Common stock | 3,000 | | 3,000 | | 3,000 | |
Retained earnings | 1,150 | | 400 | | 1,300 | |
Total Liabilities and Equity | 14,310 | | 13,680 | | 14,180 | |
What is the company's days in inventory for year 3? As needed, round your final answer (but not intermediate steps) to one decimal place.
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