Question
Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets 2020 $ 9,990 8,190 495 $ 1,305 122 $ 1,183 414 $769 2021 $ 310 $ 340 Accounts payable 1,060 Long-term debt 1,160 2,060 1,805 $ 3,530 $ 3,205 3,610 4,170 $ 7,140 $ 7,375 What is the days' sales in receivables for 2021? Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) Common stock Retained earnings Total liabilities & equity 2020 $ 1,710 1,200 3,540 690 $ 7,140 2021 $ 1,985 1,350 3,100 940 $ 7,375
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