$50 What are the firm's days' sales inventory for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation S85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable income $980 $743 Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity Dividends (45%) $265 $201 2018 2019 Additions to Retained $323 S240 $245 Accounts payable Earnings $210 Accruals $20 Notes payable 65 74 Total Current Liabilities S325 $304 Long-term debt 884 1090 Total Liabilities $1,209 $1,394 Common stock 1341 1011 Retained earnings 335 $580 Total fauty 1076 $20 12591 You $392 $2,885 2,985 $588 TAXIDIO Less: Taxes (40%) Net income Dividends (45%) Additions to Retained Earnings $265 2018 2019 $323 $240 $210 3743 $297 Total assets $446 Liabilities and Owner's Equity $201 $245 Accounts payable Accruals Notes payable Total Current Liabilities Long-term debt Total Liabilities Common stock Retained earnings Total Equity Total liab.& equity $20 $20 65 74 $325 $304 884 1090 $1,209 $1,394 1341 1011 335 $580 1676 $1,591 $2,885 $2,985 a. 168.73 days, 135.29 days b.140.38 days, 137.35 days c. 112.55 days, 125.61 days d. 112.55 days, 140.38 days