What is the days' sales in receivables? (use 2022 values)... Galaxy United, Inc. 2022 Income Statement...

 

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"What is the days' sales in receivables? (use 2022 values)... Galaxy United, Inc. 2022 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest poid Taxable income Less: Taxes Net income $8,500 7,210 400 890 76 814 285 $ 529 Galaxy United, Inc. 2021 and 2022 Balance Sheets ($ in millions) 2021 2022 2021 2022 Cash $ 110 $ 140 Accounts payable $1,120 $1,150 Accounts rec 940 780 Long-term debt 910 1,192 Inventory 1,470 1,520 Common stock $3,170 $2,970 Sub-total $2,520 $2,440 Retained earnings 520 748 Net fixed assets Total assets 3,200 3.620 $5,720 $6,060 Total liab. & equity $5.720 $6,060 What is the days' sales in receivables? (use 2022 values) "What is the days' sales in receivables? (use 2022 values)... Galaxy United, Inc. 2022 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest poid Taxable income Less: Taxes Net income $8,500 7,210 400 890 76 814 285 $ 529 Galaxy United, Inc. 2021 and 2022 Balance Sheets ($ in millions) 2021 2022 2021 2022 Cash $ 110 $ 140 Accounts payable $1,120 $1,150 Accounts rec 940 780 Long-term debt 910 1,192 Inventory 1,470 1,520 Common stock $3,170 $2,970 Sub-total $2,520 $2,440 Retained earnings 520 748 Net fixed assets Total assets 3,200 3.620 $5,720 $6,060 Total liab. & equity $5.720 $6,060 What is the days' sales in receivables? (use 2022 values)

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