(Click the icon to view the income statement.) Read the requirements. RETRO Go give quote. U BIVOINUTY (UITUTO (I covena pravo, A.. Cost of goods sold $ 3,330 Average inventory = Inventory turnover 90 37.00 Now, select the formula and then enter the amounts to calculate days inventory outstanding (DIO). (Enter any ratios used to calculate the DIO to two decimal places, XXX, and use a 365-day year. Round the DIO to one decimal place, X.X days.) Days in year 365 Inventory turnover 37.00 Days' inventory outstanding (DIO) 9.9 b. Use the income statement and the balance sheet to calculate the days' sales in average receivables (days' sales outstanding) during 2021 (round dollar amounts to one decimal place). Assume all sales are made on account. Select the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbreviation used: AR Accounts receivable. Enter any ratios used to calculate DSO to two decimal places, XXX, and use a 365-day year. Round the DSO to one decimal place, X.X days.) Days in year 365 AR turnover = Days' sales outstanding (DSO) Accounting Information I Fall A 2022 t K The Evan 2021 income statement and balance sheet follows. Brayden Grant 10/04/22 (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement.) Read the requirements. Data table Evan Corporation Statements of Income (Adapted) Year Ended December 31, 2021 and 2020 www ing (DIO) (Ente he DIO to one c (Dollar amounts in millions) 2021 2020 outstanding (DIC 5 Net revenues $ 9,800 $ 9,100 9 Cost of goods sold 3,330 4,500 ge receivables (c Gross profit 6,470 4,600 are made on acc 9 General and administrative expenses 3,000 2,900 SO) (Abbreviation XXX, and use a Income from operations 3,470 1,700 7 347 130 Interest expense, net g (DSO) Income before income taxes 3,123 1,570 1,261 250 8 Provision for income taxes $ 1,862 $ 1,320 Net income solve this Check Print Done Data table (Dollar amounts in millions) Assets Question 6 $12-7 (similar HW Score: 86 73% 8 67 of 10 Balance Sheets (Adapted) December 31, 2021 and 2020 Increase (Decrease) 2021 2020 Amount Percentage - Current assets: Cash and cash equivalents $ 1,200 $ 910 $ 290 31.9 % Short-term investments 4 70 (66) (94.3) Receivables, net 240 250 (10) (4.0) (Ent Inventories 100 80 20 25.0 one Prepaid expenses and other assets 262 332 (70) (21.1) Total current assets 1,806 1,642 164 10.0 g (Di Property, plant, and equipment, net 3,842 3,350 492 14.7 Intangible assets 1,010 840 170 20.2 Other assets 800 710 90 12.7 Total assets 7,458 $ 6,542 $ 916 14.0 % ables ( e on ac breviati nd use Print Done Ive this Etext pages Get more help Clear an Check