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Assume the following is the current asset section from Intuits balance sheet. July 31 ($ 000s) 2016 2015 Cash and cash equivalents $83,842 $125,992 Investments
Assume the following is the current asset section from Intuits balance sheet.
July 31 ($ 000s) | 2016 | 2015 |
---|---|---|
Cash and cash equivalents | $83,842 | $125,992 |
Investments | 910,416 | 991,971 |
Accounts receivable, net | 86,125 | 81,615 |
Deferred income taxes | 54,854 | 31,094 |
Prepaid expenses | 99,275 | 62,792 |
Current assets of discontinued operations/td> | 21,989 | 12,279 |
Funds held for payroll customers | 357,838 | 323,041 |
Total current assets | 1,614,339 | 1,528,784 |
Assume Intuits 2016 revenue was $2,038,000 thousand.
Compute days sales outstanding for 2016.
Select one:
a. 16.4 days
b. 29.9 days
c. 12.7 days
d. 15.0 days
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