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Use the following information to answer this question Northeaster, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before

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Use the following information to answer this question Northeaster, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,780 8,040 480 $1,260 116 $1,144 400 $ 744 Cash Accounts rec. Inventory Total Net fixed assets Total assets Northeaster, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 289 $ 310 Accounts payable 1,100 1,000 Long-term debt 1,970 1,760 Common stock $3,350 $3,070 Retained earnings 3,550 4,080 $6,900 $7,150 Total liab. & equity 2016 2017 $1,590 $1,835 1,170 1,335 3,480 3,070 660 910 $6,900 $7,150 What is the days' sales in receivables for 2017? Multiple Choice O 37.32 days O 83.31 days O 51.05 days 36.81 days O 39.19 days

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