Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the following question.

All the customers of Toys by Tom, Inc. take advantage of credit offered. On average, they take ______ days to pay outstanding bills.

a.76

b.30

c.228

d.45

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TYS BY TM TYS BY TM Income Statement Balance Sheet For year ending December 31, 2006 For year ending December 31, 2006 $ Sales Less: COGS Less: Depreciation Gross profit Less: SG&A Operating profit Less: Interest expense Profit before tax Less: Income taxes Net Income $ 12.00 8.40 0.80 2.80 1.20 1.60 0.25 1.35 0.54 $ 0.81 Assets Current Assets Cash Accounts receivable Inventories Total current assets Net fixed assets 0.50 1.00 2.50 4.00 10.00 Liabilities & Owners' Equity Current Liabilities Current portion, LTD $ 0.75 Accounts payable 2.50 Other accrued expenses 1.75 Revolving credit, bank 2.00 Total current liabilities 7.00 Long-term (mortgage) debt 2.50 Net worth 4.50 Total Liab. & Net Worth $ 14.00 Total Assets $ 14.00 * Items in $1,000 * Items in $1,000