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D Question 16 Balance Sheet (Millions of Assets Cash and securities $ 1.550 Accounts receivable 9.600 Inventories 140 5.650 Total current assets Net plant and equipment SCAD Total assets Liabilities and Equity STAD Accounts payable Notes payable Acerul STRAND Total current Abilities Long-term bonds Total labilities LO Common stock Retained earnings Income Statement (Millions of S) Net sales SS8.800.0 Operating costs except depr'n 5552740 Depreciation $ 24970 Earnings befint and taxes (EBIT) 1.09 Less interest S1470 Earnings before taxes (EBT) 140 Taxes $ 1.1330 Net income Other data: Shares outstanding (millions SS Common dividends 25 lat rate on notes payable & L-T bands Federal plus state income tax rate 34 6 OP 5 esc mg Earnings befint and taxes (EBIT) $ 2,497.0 Less interest 1.000 Earnings before taxes (EBT) $ 1,447.0 Taxes $_3140 Net income $ 1,133.0 Other data: 175.00 Shares outstanding (millions) $ 509.83 Common dividends Int rate on notes payable & L-T bands 2.7% Federal plus state income tax rate 577.69 Year-end stock price Refer to the data for Pettijohn Inc. What is the firm's days sales outstanding! Assume a 360-day year for this and 48.17 59.14 O 50.71 53.38