QUESTION 7 Use the information below to answer the following question. Income Statement For the Year Net sales $827,500 COGS 611,800 Depreciation 23,100 EBIT $192,600 Interest 9,700 Taxable income $182,900 6.200 Taxes Net income 176,700 Balance Sheet Boginning of End of Year Year 5 38.200 $43.700 Net income 176,700 Balance Sheet Beginning of End of Year Year Cash $ 38,200 91,400 $43,700 86,150 Accounts receivable Inventory 203,900 516,100 214,600 537,950 Net fixed assets Total assets 849,600 $882.400 Accounts payable Long-term debt $136.100 329,500 75.000 309,000 104,300 298,200 82.000 397.900 Common stock (51 par value) Retained earnings Total Lab & Equity 5849,800 382,400 How many days of sales are in receivables at year end? 51.40 40.32 54.53 29.41 38.00