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QUESTION 12 Consider the following financial data for Shane's Pool Supply: $ s 72,000 155,000 40.000 267,000 267,000 534,000 1.068,000 Balance Sheet as of December

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QUESTION 12 Consider the following financial data for Shane's Pool Supply: $ s 72,000 155,000 40.000 267,000 267,000 534,000 1.068,000 Balance Sheet as of December 31, 2012 Cash $ 49,500 Accounts payable Accounts receivable 182.500 Short-term bank note Inventories 358.000 Accrued wages and taxes Total current assets 590,000 Total short-term liab Long-term debt Net fixed assets 478.000 Common equity Total assets $ 1.068.000 Total liabilities & equity S Income Statement for the Year Ended December 31, 2012 Sales $ 632.500 Cost of merchandise sold 382.500 Gross profit $ 250,000 Operating expenses 138.500 Caminhones in COIT 111 $ & retallone UJJUU $ Cost of merchandise sold Gross profit Operating expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40 percent) Net income $ 382,500 250,000 138,500 111,500 50,500 61,000 24,400 36,600 $ Calculate Shane's days sales outstanding a. 185.9 days 6.0.3 days OC. 89.5 days d. 206.6 days O e. 105.3 days

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