Use the following Information to answer this question. Net sales Windswept, Incorporated 2017 Income Statement Cost...

Transcribed Image Text:

Use the following Information to answer this question. Net sales Windswept, Incorporated 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,500 7,840 460 $ 1,200 108 $ 1,092 382 $ 710 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2017 Cash Accounts receivable Inventory Total Net fixed assets 2016 $ 240 $ 270 Accounts payable $ 3,110 1,020 1,850 920 1,700 $ 2,890 Long-term debt Common stock Retained earnings 2016 $ 1,430 1,130 3,400 620 2017 $ 1,635 1,315 3,030 870 3,470 3,960 $ 6,580 $ 6,850 Total liabilities & equity $ 6,580 $ 6,850 Total assets What is the days' sales in receivables for 2017? Use the following Information to answer this question. Net sales Windswept, Incorporated 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,500 7,840 460 $ 1,200 108 $ 1,092 382 $ 710 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2017 Cash Accounts receivable Inventory Total Net fixed assets 2016 $ 240 $ 270 Accounts payable $ 3,110 1,020 1,850 920 1,700 $ 2,890 Long-term debt Common stock Retained earnings 2016 $ 1,430 1,130 3,400 620 2017 $ 1,635 1,315 3,030 870 3,470 3,960 $ 6,580 $ 6,850 Total liabilities & equity $ 6,580 $ 6,850 Total assets What is the days' sales in receivables for 2017?