Based on the financial statements below.

1) calculate Days payables outstanding

2) Explain possible reasons of decreasing or increasing of this ratio (feel free to use other information from the statements).

3) What does this change mean for the business? Tech

Tech for Athletes Inc.			Income statement
			2022	2021
Sales			$ 9,765	$ 8,496
Costs of Goods Sold			$ 7,569	$ 6,812
Depreciation			$ 171	$ 180
EBIT			$ 2,025	$ 1,504
Interest			$ 148	$ 117
EBT			$ 1,877	$ 1,387
Taxes			$ 639	$ 473
Net income			$ 1,238	$ 914
Dividends paid			$ 270	$ 270
Addition to Retained Earnings			$ 968	$ 644

Tech for Athletes Inc.			Statement of Financial Position
			2022	2021	2020
Cash			$ 864	$ 882	$ 1,125
Accounts Receivable			$ 792	$ 855	$ 1,026
Inventory			$ 1,575	$ 1,908	$ 2,115
Fixed assets			$ 2,286	$ 1,530	$ 1,710
Total assets			$ 5,517	$ 5,175	$ 5,976
			2022	2021	2020
Accounts Payable			$ 657	$ 855	$ 909
Notes Payable			$ 135	$ 36	$ 180
Long-term Debt			$ 90	$ 2,003	$ 2,989
Common Stock			$ 3,213	$ 1,827	$ 1,610.1
Retained Earnings			$ 1,422	$ 455	$ 288
Total Liabilities & Equity			$ 5,517	$ 5,175	$ 5,976