Carey's Deparment Store had net saies of $20 milion and cost of goods sold of $14.00 million for the year. The beginning inventory for the year was $5.00 million. The ending inventory for the year was $11.00 million. What was the days inventory outstanding? (Round any intermediary caloulations to two decimal places and your final answer to the nearest day) O A 26 days OB. 209 days . 33 days O D. 73 days equirement 1. Calculate the following ratios for 2018 and 2017. When calculating days, round your answer to the nearest whole number Curment ratio. (Round the ratios to two decimal places, X.Xx.) Data Table Current ratio 018 017 2018 2017 2016 , Quick (acid-test) ratio. (Round the ratios to two decimal places, X.XX) Balance sheet 53,000 89,000 Cash Short-term investments Net receivables Acid-test ratio 8,000 77,000 95,000 5,000 2018 80,000 71,000 70,000 2017 Inventory tumover and days inventory outstanding (DIO) egin by calculating inventory tunover.(Round the ratios to two decimal places, xoox) 68,000 Prepaid expenses Total current assets Accounts payable Total current liabilites 270,000 30,000 98,000 Inventory tunover 75,000 136,000 2018 2017 Now, calcuiate the days inventory outstanding (DIO).(Use a 365-day year Round your final answers to the n Income statement Net credit sales 498.000 513,000 281,000 Cost of goods sold Days' inventory outstanding (DO 277,000 2018 2017 Print Done hoose from any list or enter any number in the input fieids and then continue to the next question Days' payable outetanding (DPO) 2018 2017 g. Cash Data Table conversion cycle (in days) Cesh conversion cycle 2017 016 Balance sheet 53,000$ 000 25,000 Cash 8,000 77,000 96,000 Requirement 2 Evaluate the company's lquidity and curent debl-paying ability for 2018 Has it improved or Net reoeivables Inventory Prepaid expenses Total current assets Accounts payable otal current liabilities- Improved or Deteriorated 68,000 71,000 5,000 a Current ratio b. Quick (acid test) ratio c. Inventory turmover and days' inventory outstanding (DIO) d Accounts receivable turnover e Days saies in average receivables or days sales outstanding (DSO) t. Accounts payable tumover and days' payable outstanding (DPo) g. Cash oonversion cycle (in days) Requirement 3. As a manager of this comparty, what wouid you try to improve next year? The factors that need the most improvement are 270,000 75,000 136,000 Income statement Net credit sales Cost of goods sold 498,00C$ 513,000 277,000 and The cot Print Done Choose from any list or enter any number in the input fields and then continue to the next