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According to the information presented below, can you calculate the Days of Inventory Outstanding for Alternatives, INC? *Round your answer to the nearest two
According to the information presented below, can you calculate the Days of Inventory Outstanding for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents Receivables $9,320,114 $3,453,747 Inventory $6,696,558 Total Current Assets $26,791,010 Total Non-Current Assets $11,326,988 Payables $3,419,326 Total Current Liabilities $11,435,458 Total Liabilities $13,813,342 Number of Shares Outstanding 1,398,756 Shareholders' Equity ??? Price per Share $149 Alternatives, INC Income Statement Extract Total Revenue $45,991,435 Cost of Goods Sold $25,406,371 Depreciation $821,934 Operating Expenses $14,445,018 Interest Expense $1,411,468 Earnings before Interest and Taxes ??? (EBIT) Net Income ??? Payout Ratio 37
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