Use the following information to answer this question.

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales	$ 9,500
Less: Cost of goods sold	7,840
Less: Depreciation	460
Earnings before interest and taxes	$ 1,200
Less: Interest paid	108
Taxable Income	$ 1,092
Less: Taxes	382
Net income	$ 710

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010		2009	2010
Cash	$ 240	$ 270	Accounts payable	$ 1,430	$ 1,635
Accounts rec.	1,020	920	Long-term debt	1,130	1,315
Inventory	1,850	1,700	Common stock	$ 3,400	$ 3,030
Total	$ 3,110	$ 2,890	Retained earnings	620	870
Net fixed assets	3,470	3,960
Total assets	$ 6,580	$ 6,850	Total liab. & equity	$ 6,580	$ 6,850

What is the days' sales in receivables? (use 2010 values)

Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) INet sales $ 9,500 Less: Cost of goods sold 7,8401 Less: Depreciation 460 Earnings before interest and taxes $ 1,2001 Less: Interest paid 108 Taxable Income $ 1,092 Less: Taxes 382 INet income $ 710 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 240 $ 270 Accounts payable $ 1,430 $ 1,635 Accounts rec. 1,020 920 Long-term debt 1,130 1,315 Inventory 1,850 1,700 Common stock $ 3,400$ 3,030 Total $ 3,110 $ 2,890 Retained earnings 620 870 Net fixed assets 3,470 3,9601 Total assets $ 6,580 $ 6,850 Total liab. & equity $ 6,580 $ 6,850 What is the days' sales in receivables? (use 2010 values) Ratios that measure how efficiently a firm manages its assets and operations to generate net income are referred to as ratios. Multiple Choice O Long-term solvency. Profitability Turnover, O Asset management Short-term solvency. o The most acceptable method of evaluating the financial statements of a firm is to compare the firm's current: Multiple Choice Financial ratios to the average ratios of all firms located within the same geographic area, Financial statements to the projections that were created based on Tobin's Q. Financial ratios to the firm's historical ratios. Financial statements to those of larger firms in unrelated industries. Financial statements to the financial statements similar firms operating in other countries. Mario's Home Systems has sales of $2,900, costs of goods sold of $2,240, inventory of $520, and accounts receivable of $438. How many days, on average, does it take Mario's to sell its inventory? Multiple Choice 65.45 days 55.13 days O 84.73 days O 83.57 days 71.37 days O