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what is the days sales in receivables for 2017 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)
what is the days sales in receivables for 2017
Use the following information to answer this question. Windswept, 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, 710 7,990 475 $1,245 114 $1,131 396 $ 735 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 270 $ 300 Accounts payable 1,080 980 Long-term debt 1,940 1,745 Common stock $3,290 $3,025 Retained earnings 3,530 4,050 $6,820 $7,075 Total liab. & equity 2016 2017 $1,550 $1,785 1,160 1,330 3,460 3,060 650 900 $6,820 $ 7,075 What is the days' sales in receivables for 2017 Step by Step Solution
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