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Use the following information to answer this question. Windswept. Inc. Year 2 Income Statement ($ in millions). Net sales $ 8,950 Less: Cost of goods

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Use the following information to answer this question. Windswept. Inc. Year 2 Income Statement ($ in millions). Net sales $ 8,950 Less: Cost of goods sold 7,490 Less: Depreciation 425 Earnings before interest and taxes $ 1,035 Less: Interest paid 94 Taxable Income $ 941 Less: Taxes 329 Net income $ 612 880 780 Windswept. Inc. Year 1 and Year 2 Balance Sheets ($ in millions). Year 1 Year 2 Cash $ 170 $ 200 Accounts payable Accounts rec. Long-term debt Inventory 1,640 1,595 Common stock Total $ 2,690 $ 2,575 Retained earnings Net fixed assets 3,330 3,750 Total assets $6,020 $ 6,325 Total liab. & equity Year 1 $ 1,150 1,060 $3,260 Year 2 $ 1,285 1,280 $ 2,960 800 550 $6,020 $ 6,325 What is the days' sales outstanding? (use Year 2 values, not an average) 31.81 days 33.85 days 62.62 days 45.01 days 31.37 days

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