Calculate the Days Sales Outstanding, Inventory Holding Period, and Payables Deferral Period for the Sunset Company based on the following financial statements using the 2 step methodology (i.e calculate the turnover ratios first, then the periods). Then check your answer by using the Direct Method. Assume a 365 day year for your calculations. The problem should be solved using Excel with cell references used to calculate your answers-no unnecessary hard coding! Sunset Company 2017 Income Statement Sunset Company Balance Sheet Revenue COGS Gross Profit 14,750 11,375 3,375 Cash A/R Inventory Total Current Assets 12/31/2017 12/31/2016 250 3,782 1,273 5,305 200 3,368 1,401 4,969 SG&A Expense Depreciation Operating Income 2,625 392 358 Net Fixed Assets Total Assets 12,672 17,641 11,575 16,880 Non-Operating Expenses 80 Liabilities & Equi A/P Other Current Liab Total Current Liabilities Income Before Taxes ncome Tax 278 56 2,025 1,985 4,010 1,795 1,676 3,471 Net Income Long Term Debt 5,450 450 Equity Total Liab. & Equit 8,181 17,641 16,880