What is the firm's days sales outstanding? Assume a 365-day year for this calculation Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, i does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet(Millions of S) 2015 Assets Cash and securities $2,500 Accounts receivable 11,500 Inventories 16.000 Total current assets $30,000 Net plant and equipment $20.000 Total assets $50,000 Liabilities and Equity $9,500 Accounts payable Accruals 5,500 7.000 Notes payable $22,000 Total current liabilities $15,000 Long-term bonds Total liabilities $37,000 Common stock $ 2,000 11.000 Retained earnings $13.000 Total common equity $50,000 Tatal liabilities and equity Income Statement (Millions of $) 2015 Net sales $87,500 Operating costs except depreciation 81,813 Depreciation Eamings before interest and taxes (EBIT) $ 4,156 Less interest -1.375 Earings before taxes (EBT) $ 2,781 Taxes 973 Net income $ 1,808 Other data: Shares outstanding (millions) 500.00 Common dividends $632.73 Int rate on notes payable & L-T bonds 6.25% Federal plus state income tax rate 35% Year end stock price $43 39 a. 39.07 b.41.13 O c. 43.29 O d.45.57 O e.4797