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The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for the following questions. Note that

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The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for the following questions. 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 (notes payable will be rolled over). BALANCE SHEET Cash Accts, receivable Inventories Total current assets $ 140.0 880.0 1.320.0 $2,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities & equity $ 800.0 600.0 400.0 $1,800.0 1.000.0 $2,800.0 200.0 1.000.0 $1,200.0 $4.000.0 Net plant & equip Total assets INCOME STATEMENT 1.660.0 $4.000.0 Net sales Operating costs Depreciation EBIT Less: Interest EBT Less: Taxes Net income $6,000.0 5.599.8 100.2 $ 300.0 26.0 $ 204,0 8126 $122.4 OTHER DATA Annual Principal and Lease Payments Shares outstanding (millions) Common dividends (millions) Interest rate on N/P and long-term bonds Federal plus state income tax rate Year-end stock price 0.00 60.00 $42.8 6.0% 40% $30.60 6. What is the firm's days sales outstanding? 49.33 days b. 53.53 days 56.96 days d. 57.81 days 59.67 days e

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