Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Windswept, Inc. 2020 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid
Windswept, Inc. 2020 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $8,450 7,240 400 810 70 S 740 259 S481 Windswept, Inc. 2019 and 2020 Balance Sheets (S in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2019 2020 $ 120 $ 140 930 780 1.480 1.520 $2,530 $2,440 3,150 3.600 $5.680 96.040 Accounts payable Long-term debt Common stock Retained earnings 2019 2020 $1,110 $1,120 840 1,210 3,200 3,000 530 710 Total liabilities & equity $5.680 $6.040 What is the days' sales in receivables in 2020? O 41.9 days 0 33.7 days O 47.4 days O 38.4 days O 31.8 days A best display June 8.jpg -] best display June 7.jpg ch O e lig
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started