Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets 8208 22 17 89 Liabilities Current Liabilities Accounts payable Notes payable/short-term debt Total current liabilities 42 279 49 Long-Term Assets Long-Term Liabilities Nel property, plant, and equipment 121 Long-term debt 128 Total long-term assets 121 Total long-term liabilities 128 Total Liabilities Stockholders' Equity 177 33 Total Liabilities and Total Assets 210 Stockholders' Equity 210 Income Statement Total sales Cost of sales Gross Profit 312 210 102 Selling, general, and administrative expenses 34 Research and development -10 Depreciation and amortization Operating Income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net Income 2820 The balance sheet and income statement of a particular firm are shown above What does the account receivable and payable days ratios tell you about this company? The balance sheet and income statement of a particular firm are shown above. What does the account receivable and payable days ratios tell you about this company? It takes on average about 11 weeks to collect payment from its customers and about 6 weeks to pay supplers It takes on average about 7 weeks to collect payment from its customers and 13 weeks to pay suppliers It takes on average about 6 weeks to collect payment from its customers and 3 weeks to pay suppliers It takes on average about 4 weeks to collect payment from its customers and around 10 weeks to pay suppliers