According to the information presented below, can you calculate the Days of Inventory Outstanding for Alternatives,...

Transcribed Image Text:

According to the information presented below, can you calculate the Days of Inventory 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 Receivables $9,320,114 $3,453,747 Inventory $6,696,558 Total Current Assets $26,791,010 Total Non-Current Assets $11,326,988 Payables $3,419,326 Total Current Liabilities $11,435,458 Total Liabilities $13,813,342 Number of Shares Outstanding 1,398,756 Shareholders' Equity ??? Price per Share $149 Alternatives, INC Income Statement Extract Total Revenue $45,991,435 Cost of Goods Sold $25,406,371 Depreciation $821,934 Operating Expenses $14,445,018 Interest Expense $1,411,468 Earnings before Interest and Taxes ??? (EBIT) Net Income ??? Payout Ratio 37 According to the information presented below, can you calculate the Days of Inventory 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 Receivables $9,320,114 $3,453,747 Inventory $6,696,558 Total Current Assets $26,791,010 Total Non-Current Assets $11,326,988 Payables $3,419,326 Total Current Liabilities $11,435,458 Total Liabilities $13,813,342 Number of Shares Outstanding 1,398,756 Shareholders' Equity ??? Price per Share $149 Alternatives, INC Income Statement Extract Total Revenue $45,991,435 Cost of Goods Sold $25,406,371 Depreciation $821,934 Operating Expenses $14,445,018 Interest Expense $1,411,468 Earnings before Interest and Taxes ??? (EBIT) Net Income ??? Payout Ratio 37