2 pts Question 18 Use the following information to calculate this firm's days' sales in inventory as of the end of 2016: Income Statement For the Year 2016 Net Sales 631,000 442,220 COGS 28,100 Depreciation Expense EBIT 160,700 14,900 145,800 Interest Expense EBT Tax Expense 49,600 Net Income 96,200 Balance Sheet Beginning of 2016 End of 2016 38,200 43,700 91,400 $ 86,150 $203,900214,600 Cash Accounts Receivable Inventory Net Fixed Assets 516,100 537950 Total Assets 849,600 882,400 Accounts Payable $136,100 $ 104,300 $ 329,500 $ 298,200 Long-term Debt Common Stock 75,000 82,000 Accumulated Retained Earnings Total Liabilities and Equity $ 309 oo S-39790- 309,000 $ 397,900 ,600 $ 882,400 Note: Report your answer as a number rounded to two decimal places