Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,050 Less: Cost of goods sold 7,540 Less: Depreciation 430 Earnings before interest and taxes $ 1,080 Less: Interest paid 96 Taxable Income $ 984 Less: Taxes 344 Net income $ 640 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 180 $ 210 Accounts payable $ 1,190 $ 1,335 Accounts rec. 900 800 Long-term debt 1,070 1,285 Inventory 1,670 1,610 Common stock 3,280 2,9701 Total 560 810 Retained $ 2,750 $ 2,620 learnings 3,350 3,780 Net fixed assets Total assets Total liab. & $ 6,100 $ 6,400 equity $ 6,100 $ 6,400 What is the days' sales in receivables? (use 2010 values) Multiple Choice 31.82 days 64.63 days 34.28 days 32.27 days 45.63 days A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inventory. What is the common-size statement value of inventory? Multiple Choice 8.28 percent 18.57 percent 11.97 percent 44.69 percent 33.67 percent A firm has a return on equity of 19 percent. The total asset turnover is 2.7 and the profit margin is 6 percent. The total equity is $4,300. What is the amount of the net income? Multiple Choice $697 $258 $817 $303 $2,206