**** , , OUDE S12-7 (similar to) Question Hello e Dowd 2018 income statement and balance sheet follows Click the foon to view the assets section of the balance sheet.) Click the icon to view the income statement Olck the icon to view the abilities and stockholders equity nocions of the balance) Read the talents material, Wowing you to use cost of goods sold her than purchases in your computations (Enter currency amounts in millions en given in the question, Round your fanswer to two decimal places XXX Con of goods sold Average counts payable Recours payable lumover 2,670 100 3.00 Now lect the formula and then enter the amounts to calculate down payables outstanding (DPO) (Enter any rates used to calculate the DPO o two decimal placea. XXX. und une a -tay your Round your tow to decimal place Dwyn Accounts payati turnover Days payables standing (DPO) 305 3.00 1217 die te Dowd 2018 income statement and the balance sheet to compute the longth of conhconversion orde in dayu for 2018. (enter any roos need to calculate the cash conversion eyde and your fin answer to decimal place, XX Use parents or a minus sign for a negative cash conversion cycle) DIO DSO OPO Cas conversion code Choose from any listoranterary number in the input fields and then click Check Answer i Data Table ment) increase (Decrease) Amount Percentage 2018 2017 lal answer to 950 $ 290 30.5 % 1,240 $ 25 55 m (Dollar amounts in millions) Assets Current assets: Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets Total current assets Property, plant, and equipment, net Intangible assets Other assets 200 290 K, and use a 128 (30) (54.5) (90) (31.0) 78 156.0 (48) (15.9) 200 12.1 50 302 nts 254 1,847 1,647 nd oral 3,036 3,034 2 0.1 ih conversion 22.4 1,050 840 858 740 192 100 13.5 $ 6,279 S 6.773 $ 494 Total assets 7.9% er in Print Done Chi 6 of 10 (9 complete) 0 Data Table d balanc ets sectil ilities an ment.) Accounts payable Income tax payable 930 $ 850 $ 80 30 85 9.4% (64.7) 68.4 Short-term debt of goods 160 (55) 65 (5) 95 Other 60 Average a answer 65 (7.7) 1,180 1,095 85 7.8 15.3 ter the am 413 3,105 1,140 2,692 1,040 100 K and use a 9.6 Accounts 5,425 4,827 598 12.4 Total current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity 2 2 ement and cheses or a bh conversion (8.1) 1,526 (180) 1,660 (210) (134) 30 14.3 1,348 1,452 (104) (72) $ 6,773 $ 6,279 $ 494 Total liabilities and stockholders' equity 794 y number in Print Done C MacBook viui ULULUKUTIL HANSIS) pt 6 of 10 (9 complete) similar to) 0 Data Table come statement and balance sheet follow icon to view the assets section of the bala icon to view the liabilities and stockholder income state ound your fina ads sold 2017 ments ng you to use cost of goods sold rather tha 1 Average accounts pay 0 1$ 890 ormula and then enter the amounts to calc acimal place, X.X.) year 1 Accounts payable tur 55 3.00 9,250 5,100 places, XXX Dowd Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 (Dollar amounts in millions) 2018 Net revenues $ 8,330 $ Cost of goods sold 2,670 Gross profit 5,660 General and administrative expenses 3,400 Income from operations 2,260 565 Interest expense, net Income before income taxes 1,695 862 Provision for income taxes $ 833 $ Net Income 4,150 3,600 550 110 culate the cash d 2018 income statement and the balances moe, X.X, Use parentheses or a minus sign to O DSO 440 200 240 any list or enter any number in the input id Print Done