K Peace Corporation reported the following financial statements: (Click the icon to view the financial statements.)...
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K Peace Corporation reported the following financial statements: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2025, Peace's days' sales in receivables ratio was (amounts rounded) (Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.) OA. 24 days. B. 22 days. OC. 23 days. D. 26 days. Current Assets: Peace Corporation Comparative Balance Sheet December 31, 2025 and 2024 Assets 2025 2024 Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses SA $ 2,494 $ 2,100 1,906 1,730 1,340 1,055 1,578 1,847 Total Current Assets Other Assets Total Assets 7,318 6,732 17,737 15,518 $ 25,055 $ 22,250 Liabilities Current Liabilities $ 7,037 $ 8,135 Long-term Liabilities 4,832 2,082 Total Liabilities 11,869 10,217 Stockholders' Equity porte Financial Statements view on c Stockholders' Equity Common Stock, no par 5,786 6,533 Retained Earnings 7,400 5,500 Rou 13,186 12,033 Total Stockholders' Equity 25,055 $ 22,250 Total Liabilities and Stockholders' Equity Peace Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense. Net Income Print Done $ 29,088 7,188 21,900 6,704 15,196 150 15,046 2,105 $ 12,941 - K Peace Corporation reported the following financial statements: (Click the icon to view the financial statements.) Assume all sales are on credit. During 2025, Peace's days' sales in receivables ratio was (amounts rounded) (Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.) OA. 24 days. B. 22 days. OC. 23 days. D. 26 days. Current Assets: Peace Corporation Comparative Balance Sheet December 31, 2025 and 2024 Assets 2025 2024 Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses SA $ 2,494 $ 2,100 1,906 1,730 1,340 1,055 1,578 1,847 Total Current Assets Other Assets Total Assets 7,318 6,732 17,737 15,518 $ 25,055 $ 22,250 Liabilities Current Liabilities $ 7,037 $ 8,135 Long-term Liabilities 4,832 2,082 Total Liabilities 11,869 10,217 Stockholders' Equity porte Financial Statements view on c Stockholders' Equity Common Stock, no par 5,786 6,533 Retained Earnings 7,400 5,500 Rou 13,186 12,033 Total Stockholders' Equity 25,055 $ 22,250 Total Liabilities and Stockholders' Equity Peace Corporation Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense. Net Income Print Done $ 29,088 7,188 21,900 6,704 15,196 150 15,046 2,105 $ 12,941 -
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