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2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income
2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,640 7,940 470 $1,230 112 $1,118 391 $ 727 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 260 $ 290 Accounts payable 1,060 960 Long-term debt 1,910 1,730 Common stock $3,230 $2,980 Retained earnings 3,510 4,020 $6,740 $7,000 Total liab. & equity 2016 $1,510 1,150 3,440 640 2017 $1,735 1,325 3,050 890 $6,740 $7,000 What is the days' sales in receivables for 2017? Multiple Choice 36.35 days 35.85 days 38.24 days 50.06 days
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