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RFT Corporation 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $165 EBT $2,085

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RFT Corporation 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $165 EBT $2,085 Taxes $710 Net income $1,375 Dividends paid $300 Addition to retained $1,075 earnings RFT Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions) 2017 2018 2017 Cash $980 $960 Accounts $950 payable Accounts $950 $880 Notes $40 rec. payable Inventory $2,120 $1,750 Total $990 2018 $730 $1,50 $880 INLLUUIILS VAJU PuuuULCS rec. payable Inventory $2,120 $1,750 Total $990 $880 Total $5,050 $3,590 Long-term $2,225 $100 debt Fixed $1,700 $2,540 Common $2,030 $3,570 assets stock Retained $505 $1,580 earnings Total $5,750 $6,130 Total $5,750 $6,130 assets liabilities and Owner's equity How many days does it take for inventory to sell? (Use 2018 inventory) 6 76 99 59 4

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