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h BALANCE SHEET & Cash $ 1,000.0 Accounts payable $1,000.0 V Accts. Receivable Notes payable 2,000.0 3,000.0 Inventories 1,000.0 Accruals 500.0 Total current assets $5,000.0
h BALANCE SHEET & Cash $ 1,000.0 Accounts payable $1,000.0 V Accts. Receivable Notes payable 2,000.0 3,000.0 Inventories 1,000.0 Accruals 500.0 Total current assets $5,000.0 Total current liabilities $3,500.0 Long-term bonds 5,000.0 Total debt $8,500.0 Common stock (5,000 shares) 500.0 Retained earnings 11,000.0 Net plant & equip 15,000.0 Total common equity $11,500.0 Total assets $20,000.0 Total liabilities & equity $20,000.0 INCOME STATEMENT Net sales $ 10,000.0 Operating costs 6,000.0 (Cost of Goods Sold) EBIT $ 4,000.0 Less: Interest 600.0 EBT $ 3,400.0 Less: Taxes 1,000.0 Net income $ 2,400.0 Calculate the following financial ratio for this company: Days Sales in Receivables - Answer should reflect # of Days using 365 days per year O A. 100 B. 1,217 O C. 55 OD. 110 O E. 274 O F. 115
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