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Use the following information to answer this question. Clinton, Inc. 2019 Income Statement ($ in millions) Net sales $ 9,670 Cost of goods sold 7,860

Use the following information to answer this question.

Clinton, Inc. 2019 Income Statement ($ in millions)
Net sales $ 9,670
Cost of goods sold 7,860
Depreciation 475
Earnings before interest and taxes $ 1,335
Interest paid 108
Taxable income $ 1,227
Taxes 429
Net income $ 798

Clinton, Inc. 2018 and 2019 Balance Sheets ($ in millions)
2018 2019 2018 2019
Cash $ 250 $ 280 Accounts payable $ 1,450 $ 1,435
Accounts rec. 1,040 940 Long-term debt 1,120 1,320
Inventory 1,870 1,725 Common stock 3,380 3,310
Total $ 3,160 $ 2,945 Retained earnings 660 910
Net fixed assets 3,450 4,030
Total assets $ 6,610 $ 6,975 Total liab. & equity $ 6,610 $ 6,975

What is the days' sales in receivables for 2019?

Multiple Choice

  • (expression error) days

  • .83 days

  • 1.20 days

  • 1.86 days

  • 2.05 days

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