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. Round the answers to two decimal places Balance Sheet December 31, 2013 Cash and $112,000 Accounts payable $211,000 marketable securities Accounts $325,000 $51,500 Notes payable receivable $426,000 Accrued expenses$50,100 Inventories Total current Prepaid expenses $10,700 $312,600 liabilities Total current $873,700 Long-term debt $225,000 assets Par value and Gross fixed assets $1,514,000 $117,000 paid-in-capital Less: accumulated $315,000 Retained Earnings $1,418,100 depreciation $1,199,000 Net fixed assets Common Equity 1,535,100 Total liabilities $2,072,700 $2,072,700 Total assets and owner's equity Income Statement, Year of 2013 Net sales (all credit)$3,256,600.00 Less: Cost of goods $2.572,714.00 sold Selling and administrative $323,000.00 expenses Depreciation $115,000.00 expense $245,886.00 EBIT $29,600.00 Interest expense Earnings before $216,286.00 taxes $86,514.40 Income taxes $129,771.60 Net income