4. Session 5 Cengage Assignment The Butler-Huron Company's balance sheet and income statement for last year are as follows: 5. Balance Sheet (in Millions of Dollars) 6. OAssets Liabilities and Equity 7. Cash and marketable securities $121 Accounts payable*** $970 Accounts receivable" 1,399 Accrued liabilities 8. Inventories** 2,030 (salaries and benefits) 525 9. 0 Other current assets 31 Other current liabilities 424 10. Total current assets $3,581 Total current liabilities $1,919 Plant and equipment (net) 3,191 Long-term debt and other Other assets 6,839 liabilities Total assets $6,839 Common stock Retained earnings Total stockholders' equity Total liabilities and equity 3,191 93 1,636 $1,729 $6,839 *Assume that all sales are credit sales and that average accounts receivable are the same as ending accounts receivable. Assume that average inventory over the year was the same as ending inventory. ***Assume that average accounts payable are the same as ending accounts payable. Income Statement (in Millions of Dollars) Net sales $13,547 Cost of sales 9,721 Selling, general, and administrative expenses 2,517 Other expenses 726 Total expenses $12,964 Earnings before taxes 583 Taxes 233 $350 Earnings after taxes (net income) Assume that there are 365 days per year. a Determine ButlerHuron's cash conversion ovde. Round intermediate calculations and answer to one decimal place