Question
According to the information presented below, can you calculate the Days of Payables Outstanding for Alternatives, INC? *Round your answer to the nearest two
According to the information presented below, can you calculate the Days of Payables Outstanding for Alternatives, INC? *Round your answer to the nearest two decimals (nearest hundredth), if needed. Please type your answer as a decimal and not as percentage (i.e., 0.052 and not 5.2). Please do not type symbols in your answer (e.g., $, %, ...) EXTRACT FROM FINANCIAL STATEMENTS Alternatives, INC Balance Sheet Extract Cash & Equivalents $8,754,074 Receivables $2,131,686 Inventory $8,350,119 Total Current Assets $27,214,541 Total Non-Current Assets $12,205,660 Payables $3,315,152 Total Current Liabilities $9,913,972 Total Liabilities $13,745,993 Number of Shares Outstanding 1,204,940 Shareholders' Equity ??? Price per Share $134 Alternatives, INC Income Statement Extract Total Revenue $42,083,909 Cost of Goods Sold $24,954,660 Depreciation $802,411 Operating Expenses $14,461,204 Interest Expense $1,743,427 Earnings before Interest and Taxes ??? (EBIT) Net Income ??? Payout Ratio 33
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