Galaxy United, Inc. 2012 Income Statement

Net sales $614,100 Less: Cost of goods sold 521,400 Less: Depreciation 11,200 Earnings before interest and taxes 81,500 Less: Interest paid 10,100 Taxable income $71,400 Less: Taxes 28,900 Net income $42,500

Galaxy United, Inc. 2011 and 2012 Balance Sheets

2011 2012 2011 2012 Cash $17,000 $16,500 Accounts payable $128,600 $134,700 Accounts rec. 54,100 56,700 Long-term debt 147,500 135,500 Inventory 189,400 186,700 Common stock* 125,000 140,000 Sub-total $260,500 $259,900 Retained earnings 120,700 131,800 Net fixed assets 261,300 282,100 Total $521,800 $542,000 Total $521,800 $542,000

*The par value of the common stock is $1 per share.

How many days of sales are in receivables? (Use 2012 values)