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Mid-Term Galaxy United, Inc 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7200 Less: Depreciation 420 Earnings before interest

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Mid-Term Galaxy United, Inc 2009 Income Statement ($ in millions) Net sales $8,500 Less: Cost of goods sold 7200 Less: Depreciation 420 Earnings before interest and taxes 880 Less: Interest pald 82 Taxable income 798 Less: Taxes 279 Net Income $ 519 Galaxy United, inc 2008 and 2009 Balance Sheets 15 in millions) 2008 2009 Cash $ 120 $ 160 Accounts payable Accounts rec 940 780 Long-term debt Inventory 1.480 Common stock Sub-tota $2540 $2.460 Retained earnings Net fixed assets 3210 3.620 Total assets $5.750 $5.080 Totalab & equity 2008 $1.100 980 $3,160 510 2009 $1150 1.242 $2.960 728 $5.750 $6.080 What is the days sales in receivables? (use 2009 values 0472 80.9 410 335 211

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