The balance sheet and income statement of a firm are shown below. Note that the firm has no amortization

charges, it does not lease any assets, and none of its debt must be retired during the next $5$ years $($numbers are

in millions$).$

BALANCE SHEET

Cash

Accts. receivable

Inventories

Total current assets

Net plant & equip.

Total assets

INCOME STATEMENT

OTHER DATA

Shares outstanding $($millions$)$

Common dividends

Interest rate on $\frac{N}{P}$ and long$-$term bonds

Federal plus state income tax rate

Year$-$end stock price

What is the firm's days sales outstanding?

$51\mathrm{.}33$ days

$53\mathrm{.}53$ days

$54\mathrm{.}80$ days

$53\mathrm{.}90$ days

Accounts payable

Notes payable

Accruals

Total current liabilities

Long$-$term bonds

Total debt

Common stock $(50,000$ shares$)$

Retained earnings

Total common equity

Total liabilities & equity