QUESTION 6 The following presents the balance sheet for Firm K, along with information from the income statement. Calculate the Days Sales Outstanding Ratio. Income Statement Information Revenue: 3,500 EBIT: 800 Net Income: 200 Total Assets: 2.000 o Current Assets: 600 Cash: 100 Receivables: 200 Inventory: 300 o Noncurrent Assets: 1.400 Net PP&E: 1,100 Other NCA: 300 Total Liabilities: 1,500 o Current Liabilities: 700 . Current Debt: 250 Payables: 300 Accruals: 150 o Noncurrent Liabilities: 800 Long Term Debt: 800 Total Equity: 500 O Common Stock 400 o Retained Earnings 100