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2021 Trust Corporation reported the following financial statements: E (Click the icon to view the financial statements.) Assume all sales are on credit. During 2017,
2021 Trust Corporation reported the following financial statements: E (Click the icon to view the financial statements.) Assume all sales are on credit. During 2017, Trust's days' sales in receivables ratio was amounts rounded) E. (Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.) O A. 29 days. O B. 28 days O C. 27 days. OD. 31 days Click to select your answer. Time Remaining: 01:50:52 Next CHEGG NETWORK CUSTOMER SERVICE Trust Corporation Comparative Balance Sheet Decernber 31, 2017 and 2016 2017 2016 Assets Current Assets $ 2.431 $ Cash and Cash Equivalents Accounts Receivable Merchandise Inventory 2,071 1,674 1.829 1,340 1,045 1,997 1.644 Prepaid Expenses Total Current Assets 7.244 Other Assets 18,178 6,787 16,240 Total Assets S 25,422 $ 23,027 Liabilities Current Liabilities S 7 423 4.530 8.441 3,259 11.953 11,700 Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 6.869 6.600 4.927 6.400 13 469 11.327 Total Liabilities and Stockholders' Equity S 25,422 5 23,027 Trust Corporation Income Statement Print Done Data Table Total Current Assets 7,244 18,178 6,787 16,240 Other Assets Total Assets $ 25,422 $ 23,027 Liabilities Current Liabilities $ 7,423 $ 4,530 8,441 3,259 Long-term Liabilities Total Liabilities 11,953 11,700 Stockholders' Equity Common Stock, no par 6,869 4,927 6,400 6.600 Retained Earnings Total Stockholders' Equity 13,469 11,327 Total Liabilities and Stockholders' Equity $ 25,422 $ 23.027 Trust Corporation Income Statement Year Ended December 31, 2017 Net Sales $ 22.776 5.965 16.811 6.985 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes 9.826 247 9.579 2.479 Income Tax Expense Net Income 7.100 Print Done
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