The Evan 2018 income statement and balance sheet follows. (Click the icon to view the assets (Click the icon to view the income statement.) section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) Read the requirements. decimal place, X.X days.) Days in year Inventory turnover Days' inventory outstanding (DIO) 65.00 5.6 365 b. Use the income statement and the balance sheet to calculate the days' sales in average receivables (days' sales outstanding) during 2018 (round dollar amounts to one decimal place). Assume all sales are made on account. Select the formula and then enter the amounts to calculate days' sales in outstanding (DSO). (Abbreviation used: AR = Accounts receivable. Enter any ratios used to calculate DSO to two decimal places, X.XX, and use a 365-day year. Round the DSO to one decimal place, X.X days.) Days' sales outstanding (DSO) nt Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts Clear All remaining Check Answer z laimilartal 1 Data Table Increase (Decrease) Amount Percentage (Dollar amounts in millions) 2018 2017 Assets Current assets: $ 1,250 $ 960 $ 290 12 50 Cash and cash equivalents Short-term investments Receivables, net Inventories 30.2 % (76.0) (40.0) 115.0 180 (38) (120) 46 (114) 300 86 240 40 354 Prepaid expenses and other assets (32.2) 1,768 1,704 64 Total current assets 3.8 3,360 2,710 80.7 6,070 1,060 850 Property, plant, and equipment, net Intangible assets Other assets 26.5 838 750 222 100 13.3 $ 9,748 $ 6,652 $ 3,096 46.5% Total assets ? Print Done A Data Table X Evan Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 Increase (Decrease) Amount Percentage 2018 2017 (Dollar amounts in millions) Liabilities and Stockholders' Equity Current liabilities: 920 $ 900 $ 20 Accounts payable Income tax payable Short-term debt 2.2 % (31.3) 44 64 (20) 66.7 150 55 90 60 60 (5) Other (8.3) 1.169 1,114 55 4.9 Total current liabilities Long-term debt 97.4 6,111 1,150 3,096 1,050 3,015 100 Other liabilities 9.5 A420 5 ORO 2170 ? Print Done Income tax payable 44 64 (20) (31.3) Short-term debt 90 60 66.7 150 55 Other 60 (5) (8.3) 1,169 Total current liabilities 1,114 55 4.9 Long-term debt 97.4 6,111 1,150 3,096 1,050 3,015 100 Other liabilities 9.5 8,430 5,260 3,170 Total liabilities 60.3 Stockholders' equity: Common stock 2 2. - Retained earnings (5.2) 1,526 (210) 1,318 1,610 (220) (84) 10 4.5 Accumulated other comprehensive (loss) 1,392 (74) (5.3) Total stockholders' equity Total liabilities and stockholders' equity $ 9,748 $ 6,652 $ 3,096 46.5 % AWA i Data Table - 2017 lys' 9,300 5,200 Evan Corporation Statements of Income (Adapted) Year Ended Decmber 31, 2018 and 2017 (Dollar amounts in millions) 2018 Net revenues $ 9,840 $ 4,095 Cost of goods sold Gross profit 5,745 General and administrative expenses 3,500 Income from operations 2.245 449 Interest expense, net Income before income taxes 1,796 1,304 Provision for income taxes 492 $ Net income 4,100 3,700 400 160 240 210 30 OS Print Done par rem