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Below is selected financial information for Panettone, Inc. Balance Sheet ($ in Millions) Income Statement ($ in Millions) Assets Liabilities and Equity Sales 4100 Current

Below is selected financial information for Panettone, Inc.

Balance Sheet ($ in Millions)

Income Statement ($ in Millions)

Assets

Liabilities and Equity

Sales

4100

Current Assets

Current Liabilities

Cost of Goods Sold

2743

Cash

200

Accounts Payable

300

Administrative Expenses

557

Accounts Receivable

600

Notes Payable

500

Depreciation

251

Inventory

600

Total Current Liabilities

800

Earnings Before Interest and Taxes

549

Total Current Assets

1400

Long-Term Liabilities

Interest Expense

20

Long-Term Debt

100

Taxable Income

529

Fixed Assets

Total Long-Term Liabilities

100

Taxes

52

Property, Plant and Equip.

2100

Net Income

477

Less Acc. Depreciation

1300

Owners' Equity

Dividends

328

Net Fixed Assets

800

Common Stock ($1 Par)

100

Addition to Retained Earnings

149

Capital Surplus

200

Retained Earnings

1000

Other Information

Total Owners' Equity

1300

No. of Shares Outstanding (Millions)

100

Total Assets

2200

Total Liab. and Equity

2200

Price per Share

20

What is the company's Days sales in Inventory?

Select one:

a. 4.57

b. 73.54

c. 79.84

d. 53.41

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