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Peace Corporation reported the following financial statements: E: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2019, Peace's
Peace Corporation reported the following financial statements: E: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2019, Peace's days' sales in receivables ratio was (amounts rounded) KULIT (Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.) OA. 26 days OB. 23 days. OC. 24 days OD. 28 days. Click to select your answer December 31, 2019 and 2018 2019 2018 Assets Current Assets Cash and Cash Equivalents $ 2.213 S 1,769 Accounts Receivable 1.917 1.675 Merchandise Inventory 1,348 1,078 2.128 1.708 Prepaid Expenses Total Current Assets 7.186 6,650 16,038 17 411 Other Assets 24,597 5 22,688 Total Assets nts: sal Liabilities Current Liabilities 8.676 7,428 $ 4.876 ecim Long-term Liabilities 3.687 Total Liabilities 12.304 12.363 Stockholders' Equity Common Stock, no par 5.893 6.400 4.625 5.700 Retained Earnings Total Stockholders' Equity 12.293 Total Liabilities and Stockholders' Equity $ 24,597 $ 22.688 Peace Corporation Income Statement Income Statement Year Ended December 31, 2019 Net Sales Revenue $ 26,940 10.917 Cost of Goods Sold Gross Profit 16,023 7,274 Operating Expenses Operating Income 8,749 243 Interest Expense Income Before Income Taxes 8,506 2 393 Income Tax Expense 6,113 Net Income
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