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8. Assume the following is the current asset section from Intuit's balance sheet. July 31 ($ 000s) Cash and cash equivalents Investments Accounts receivable, net
8. Assume the following is the current asset section from Intuit's balance sheet. July 31 ($ 000s) Cash and cash equivalents Investments Accounts receivable, net Deferred income taxes Prepaid expenses Current assets of discontinued operations Funds held for payroll customers Total current assets 2016 $ 83,842 910,416 86,125 54,854 99,275 21,989 357,838 $1,614,339 2015 $ 25,992 991,971 81,615 31,094 62,792 12,279 323,041 $1,528,784 Assume Intuit's 2016 revenue was $2,038,000 thousand. Compute days sales outstanding for 2016. a. 16.4 days b. 29.9 days c. 12.7 days d. 15.0 days
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