Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. use the following information to answer this quest

Use the following information to answer this question: Windswept, Incorporated ...

80.2K

Verified Solution

Question

Finance

Use the following information to answer this question:

Windswept, Incorporated
2021 Income Statement
($ in millions)
Net sales $ 9,360
Cost of goods sold 7,740
Depreciation 450
Earnings before interest and taxes $ 1,170
Interest paid 104
Taxable income $ 1,066
Taxes 373
Net income $ 693

Windswept, Incorporated
2020 and 2021 Balance Sheets
($ in millions)
2020 2021 2020 2021
Cash $ 220 $ 250 Accounts payable $ 1,350 $ 1,535
Accounts received 980 880 Long-term debt 1,110 1,305
Inventory 1,790 1,670 Common stock 3,360 3,010
Total $ 2,990 $ 2,800 Retained earnings 600 850
Net fixed assets 3,430 3,900
Total assets $ 6,420 $ 6,700 Total liabilities & equity $ 6,420 $ 6,700

What is the days' sales in receivables for 2021?

Multiple Choice

  • 72.39 days

  • 47.94 days

  • 36.27 days

  • 34.32 days

  • 33.85 days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students