Days Inventory using cost of goods sold (two decimal points)________

Balance Sheet in Millions) Income Statement in Millions 1998 Liabilities and Assets 1998 1998 Owners' Equity Current Liabilities Current Assets 2100 Sales Cash Accounts payable 300 200 800 Cost of Goods Sold Accounts Receivable 700 Notes payable 400 Administrative Expenses 300 600 Total Current Inventory 600 Liabilities 666 Depreciation Total Current 1600 Long-Term Liabilities Earnings Before Interest 334 Assets and Taxes Long-Term Debt 1000 110 Interest Expense Fixed Assets Total Long-Term 1000 224 Taxable Income abilities Property, Plant, and 2400 Owners' Equity 74 Taxes Equipment Less Accumulated 1000 Common Stock ($1 Par) 400 Net Income 150 Depreciation Net Fixed Assests 1400 Capital Surplus 102 Dividends 500 Addition to Retained Retained Earnings 48 500 Earnings Total Owners' Equity Other Information 1400 Number of Shares Total Assets 400 3000 Total Liab. and 3000 Outstanding (Milions Owners' Equity 12.53 Price per share