The Paradise Technology Corporation (PTC) financial statements follow F (Click the icon to view the consolidated balance sheets.) E (Click the icon to view the consolidated income statements.) PTC's days' sales in receivables during 2017 was (Round your interim calculations to the nearest whole number. Round your answer to the nearest day.) O A. 115 days OB. 26 days O C. 21 days OD. 33 days Consolidated Statements of Financial Position (in millions) December 31, 2017 2016 Assets Current assets: CA 3,900||$ 3,737 470 810 Cash and cash equivalents Short-term investments Accounts receivable net Inventories 3,800 2,100 343 2.200 316 1.400 Other Total current assets 8,023 11,053 1,300 Property, plant, and equipment, net 900 i Consolidated balance sheets Property, plant, and equipment, net Investments 1,300 900 Other non-current assets 6,800 470 5,000 400 GA 19,623||$ 14,323 Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable S 7.400 $ 3.300 5,500 3,000 Accrued and other Total current liabilities Long-term debt Other non-current liabilities 8.500 10,700 505 506 2,400 1,200 Commitments and contingent liabilities Total liabilities 13,605 10 206 Print Done Consolidated balance sheets 505 506 Long-term debt Other non-current liabilities 2.400 1,200 Commitments and contingent liabilities 13,605 10,206 Total liabilities Shareholders' equity: Preferred shares shares issued: 0 Common shares: shares authorized: 7,000: shares issued: 9,598 and 2.680, respectively Retained earnings Other comprehensive loss 360 1.400 5,799 2.809 (89) (52) (33) (59) Other 6,018 Total shareholders equity 19,623 $ 14,323 Total liabilities and shareholders equity Consolidated income statements Consolidated Statements of Income (in millions, except per share amounts) Years Ended December 31, 2017 2016 2015 Net revenue $ 42.000 $ 30,500 38,000 $ 26.500 35.000 21,500 11.500 11.500 13,500 3.150 2.750 Cost of goods sold Gross profit Operating expenses Selling, general, and administrative Research, development and engineering Special charges Total operating expenses Operating income 2.000 700 550 452 422 3.850 3,300 2,874 7,650 8.200 10.626 Consolidated income statements - X Tuu FT,VT Jou 3,150 2.000 2.750 550 700 452 422 Gross profit Operating expenses: Selling, general, and administrative Research, development, and engineering Special charges Total operating expenses Operating income Investment and other income (loss), net Income before income taxes Income tax expense 3,850 3,300 2,874 7,650 120 8,200 193 10,626 (68) 7.770 1.200 8,393 930 10,558 465 $ 6.570||$ 7.463 $ 10.093 Net income Earnings per common share GA 1.07 $ 0.70 $ 0.48 Basic none
