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Please see below the financial statements of Company X's. Also, we know that Company X's...

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Finance

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Please see below the financial statements of Company X's. Also, we know that Company X's all sales are on credit. Company X 2016 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $9,500 7,840 460 $1,200 108 $1,092 382 Net income $ 710 Cash Accounts receivable Inventory Total Net fixed assets Total assets Company X 2015 and 2016 Balance Sheets ($ in millions) 2015 2016 $ 240 $ 270 Accounts payable 1,020 920 Long-term debt 1,850 1,700 Common stock $3,110 $2,890 Retained earnings 3,470 3,960 $6,580 $6,850 Total liab. & equity 2015 2016 $1,430 $1,635 1,130 1,315 3,400 3,030 620 870 $6,580 $6,850 Please calculate the days' sales in receivables of Company X in 2016

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