2) Canadian Bacon Tac, financial statements are presented in the table below Based on the imformation in the table, and using a 365-day year, calculate Dayz payables outstanding (Payables comersion period) Round the wuwers to two decimal places Balance Sheet December 31, 2014 Cash and marketable $132.000 Accounts payable $399,000 securities Accounts $311,000 Notes payable $98.500 receivable Inventories $512,000 Accrued expenses $89.300 Total current Prepaid expenses $11300 $586,800 liabilities Total current 5966,300 Long-term debt $799.400 assets Gross fixed assets $2.104.000 Par value and $298.000 paid-in-capital Less: accumulated depreciation $398,000 Retained Earnings $988.100 Net fixed assets $1.706,000 Common Equity 1.286,100 Total liabilities Total assets $2,672,300 and owner's $2,672,300 equity The State of 2014 Net sales all credit) $4276,600.00 Less Cost of goods $3.292982.00 sold Selling and administrative $349,000.00 expenses Depreciation expense $148,000.00 EBIT $486,618.00 Interest expense $49.600.00 Earnings before $437,018.00 taxes Income taxes $174.307.20 Net income $262.210.30 Your