Question
3:12 N 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
3:12 N 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets $10,060 8,240 500 $ 1,320 124 $1,196 419 777 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 1,180 1,080 2,090 1,820 $3,590 $3,250 3,630 4, 200 $7,220 $ 2016 $320 $ 350 Accounts payable Long-term debt Common stock Retained earnings $7,450 Total liab. & equity Q Search Assuming all sales are on credit, what is the days' sales in receivables? < Prev KT 10 of 10 H B Next # 2016 2017 $1,750 $2,035 1, 210 1,355 3,560 3,110 700 950 $7,220 $7,450 W 18
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