Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Net sales Windswept, Incorporated 2022 Income Statement (in millions) $ 9,780 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable

image text in transcribed

Net sales Windswept, Incorporated 2022 Income Statement (in millions) $ 9,780 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 8,040 480 $ 1,260 116 $ 1,144 400 $ 744 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 Cash $ 280 $ 310 Accounts payable $ 1,590 2022 $ 1,835 Accounts receivable: 1,100 1,000 Long-term debt 1,170 Inventory 1,970 1,760 Common stock Total $ 3,350 $ 3,070 Retained earnings 3,480 660 1,335 3,070 910 Net fixed assets 3,550 4,080 Total assets $ 6,900 $ 7,150 Total liabilities & equity $ 6,900 $ 7,150 What is the days' sales in receivables for 2022?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: James A. Hall

5th Edition

0324312954, 9780324312959

More Books

Students also viewed these Accounting questions

Question

How is ????0 different from ????0?

Answered: 1 week ago

Question

Is this public actively seeking information on this issue?

Answered: 1 week ago

Question

How much loyalty does this public have for your organization?

Answered: 1 week ago

Question

How influential does the organization see this public as being?

Answered: 1 week ago