2021 2022 2021 2022 Cash $ 230 $ 260 Accounts payable $ 1,390 $ 1,585 Accounts receivable 1,000 900 Long-term debt 1,120 1,310 Inventory 1,820 1,685 Common stock 3,380 3,020 Total $ 3,050 $ 2,845 Retained earnings 610 860 Net fixed assets 3,450 3,930 Total assets $ 6,500 $ 6,775 Total liabilities & equity $ 6,500 $ 6,775 What is the days' sales in receivables for 2022?
2021 2022 2021 2022 Cash $ 230 $ 260 Accounts payable $ 1,390 $ 1,585 Accounts receivable 1,000 900 Long-term debt 1,120 1,310 Inventory 1,820 1,685 Common stock 3,380 3,020 Total $ 3,050 $ 2,845 Retained earnings 610 860 Net fixed assets 3,450 3,930 Total assets $ 6,500 $ 6,775 Total liabilities & equity $ 6,500 $ 6,775 What is the days' sales in receivables for 2022?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
| Windswept, Incorporated | |
| 2022 Income Statement | |
| (in millions) | |
| Net sales | $ 9,430 |
|---|---|
| Cost of goods sold | 7,790 |
| 455 | |
| Earnings before interest and taxes | $ 1,185 |
| Interest paid | 106 |
| Taxable income | $ 1,079 |
| Taxes | 378 |
| Net income | $ 701 |
| Windswept, Incorporated | |||||
| 2021 and 2022 Balance Sheets | |||||
| (in millions) | |||||
| 2021 | 2022 | 2021 | 2022 | ||
|---|---|---|---|---|---|
| Cash | $ 230 | $ 260 | Accounts payable | $ 1,390 | $ 1,585 |
| Accounts receivable | 1,000 | 900 | Long-term debt | 1,120 | 1,310 |
| Inventory | 1,820 | 1,685 | Common stock | 3,380 | 3,020 |
| Total | $ 3,050 | $ 2,845 | 610 | 860 | |
| Net fixed assets | 3,450 | 3,930 | |||
| Total assets | $ 6,500 | $ 6,775 | Total liabilities & equity | $ 6,500 | $ 6,775 |
What is the days' sales in receivables for 2022?
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