Exhibit 4.1 The balance sheet and income statement shown below are for Koski Ine. Note...
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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease may assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over Balance Sheet (Millions of 5) Assets 2019 eport Cash and securities $4,200 Accounts receivable 17.500 Inventories 20,300 Total current assets $42.000 Net plant and equipment $28,000 $70,000 Totalausets Liabilities and Equity Accounts payable $22,509 Accruals 14,391 Notes payable 6.000 Totalt tihti Accruals 14.391 Notes payable 6,000 Total current liabilities $42.000 Long-term bonds $11.000 Total liabilities $53.900 Common stock $3.512 Retained camings 12.558 Total common equity $16.100 Total liabilities and equity $70,000 Income Statement (Millions of S) Net sales 2019 S105,000 Operating costs except depreciation 97,650 Depreciation 2.100 Earnings before interest and taxes (EBIT) $5.250 Operating costs except depreciation 97.650 Depreciation 2.100 Earnings before interest and taxes (EBIT) 55.250 Less interest 1.020 Earnings before taxes (EBT) $-4.230 Taxes 1.058 Net income $2.538 Other data: Shares outstanding (millions) 300.00 Common dividends (millions of 5) $888.30 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $60.91 Int rate on notes payable & L-T bonds 6% Federal plus state income tax rate 40% Year-end stock price $60.91 Refer to Exhibit 4.1. What is the firm's days sales butstanding? Assume a 365-day year for this calculation. Do not round your intermediate calculations. O 56.58 O 74.83 O 68.13 O 69.96 60.83




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