Analyzing Segment Disclosures Raytheon Company disclosed the following data related to segment sales and operating profits for fiscal 2018. Operating Income 2018 2017 2016 $921 $842 5874 484 410 420 973 1,010 921 796 776 727 5 30 81 Total Net Sales $ millions 2018 2017 2016 Integrated defense systems $5.562 $5,224 $4.976 Intelligence, information and services 6.722 5,559 5.552 Missile systems 8.298 7,008 6.386 Space and airborne systems 6,073 5,787 5.564 Forcepoint 571 547 527 Eliminations (1.363) (1.281) (1,225) Total net sales $25,863 $22,844 $21.780 The company also reported the following on its balance sheet. $ millions 2018 2017 Receivables* $1,483 $1,192 * (net of allowance for doubtful accounts of $12 and $8) Required a. Which segment is largest in 2018? Missile Systems b. Calculate the operating profit margin for each segment and determine which segment is most profitable in 2018 by this measure. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.655596). Operating Profit Margin Integrated Defense Systems 16.56% X Intelligence, Information and Services 7.2 % Missile Systems 11.73% X Space and Airborne Systems 13.11 % X Forcepoint 0.88 % X Most profitable segment Integrated Defense Systems c. Which segment's sales grew the most in 2018? How does this compare to 2017 sales growth? Note: Round percentage to one decimal place (for example, enter 6.7% for 6.655596). 2018 Growth % 2017 Growth % 20.92% X 0.13% X Segment with the most growth in 2018: Intelligence Information d. Calculate the company's accounts receivable turnover and its days sales outstanding (DSO) for 2018. Note: Round amount (your final answer) to one decimal place (for example, enter 6.8 for 6.77555). AR turnover DSO 19.34 x 21 x e. Assess the size of the receivables allowance. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.655596). 2018 0.67 % X 2017 0.81 % X Allowance as 5 of AR gross