a) Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate Days payables outstanding (Payables conversion period).

Round the answers to two decimal place

Balance Sheet December 31, 2015

Cash and marketable securities	$187,000	Accounts payable	$217,000
Accounts receivable	$498,000	Notes payable	$51,500
Inventories	$799,000	Accrued expenses	$58,300
Prepaid expenses	$19,300	Total current liabilities	$326,800
Total current assets	$1,503,300	Long-term debt	$215,400
Gross fixed assets	$1,978,000	Par value and paid-in-capital	$128,000
Less: accumulated depreciation	$478,000	Retained Earnings	$2,333,100
Net fixed assets	$1,500,000	Common Equity	2,461,100
Total assets	$3,003,300	Total liabilities and owners equity	$3,003,300

Income Statement, Year of 2015

Net sales (all credit)	$5,386,600.00
Less: Cost of goods sold	$3,716,754.00
Selling and administrative expenses	$329,000.00
Depreciation expense	$138,000.00
EBIT	$1,202,846.00
Interest expense	$39,600.00
Earnings before taxes	$1,163,246.00
Income taxes	$465,298.40
Net income	$697,947.60