1. Use the following information to answer this question.

   Windswept, Inc. 2017 Income Statement ($ in millions)
   Net sales	$	9,920
   Cost of goods sold		8,140
   Depreciation		490
   Earnings before interest and taxes	$	1,290
   Interest paid		120
   Taxable income	$	1,170
   Taxes		410
   Net income	$	760

   Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
   		2016			2017				2016			2017
   Cash	$	300		$	330		Accounts payable	$	1,670		$	1,935
   Accounts rec.		1,140			1,040		Long-term debt		1,190			1,345
   Inventory		2,030			1,790		Common stock		3,520			3,090
   Total	$	3,470		$	3,160		Retained earnings		680			930
   Net fixed assets		3,590			4,140
   Total assets	$	7,060		$	7,300		Total liab. & equity	$	7,060		$	7,300

   Assuming all sales are on credit, what is the days sales in receivables?

   		40.11 days
   		52.00 days
   		38.27 days
   		86.77 days
   		37.74 days