Evan Corportion Balance Sheets (Adapted) Use the income statement and the balance sheet to calculate the following: a. Evan's rate of inventory turnover and days' inventory outstanding for 2021. b. Days' sales in average receivables (days' sales outstanding) during 2021 (round dollar amounts to one decimal place). Assume all sales are made on account. c. Accounts payable turnover and days' payables outstanding for 2021. For this purpose, assume that the impact of inventories on cost of goods sold is immaterial, allowing you to use cost of goods sold rather than purchases in your computations. d. Length of cash conversion cycle in days for 2021 . Do these measures look strong or weak? Give the reason for your answer. Increase (Decrease) (Dollar amounts in millions) 2021 2020 Amount Percentage Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity Evan Corporation Statements of Income (Adapted) Year Ended December 31, 2021 and 2020 (Dollar amounts in millions) Net revenues Cost of goods sold Gross profit General and administrative expenses Income from operations Interest expense, net Income before income taxes Provision for income taxes Net income