Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cashi Accounts receivable Inventory Total Net fixed assets Total assets: 2021 2022 $ 310 $ 340 1,160 1,060 2,060 1,805 $ 3,530 $ 3,205 3,610 4,170 $ 7,140 $ 7,375 $ 9,990 8,190 495 What is the days' sales in receivables for 2022? $ 1,305 122 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 1,183 414 $ 769 Accounts payable Long-term debt Common stock Retained earnings. Total liabilities & equity 2021 $ 1,710 1,200 3,540 690 $ 7,140 $7,375 2022 $ 1,985 1,350 3,100 940

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
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Multiple Choice
O
O
O
O
O
40.56 days
38.20 days
88.46 days
38.73 days
52.46 days
Transcribed Image Text:Multiple Choice O O O O O 40.56 days 38.20 days 88.46 days 38.73 days 52.46 days
Use the following information to answer this question.
Windswept, Incorporated
2022 Income Statement
(in millions)
Net sales
Cost of goods sold
Depreciation
Earnings before interest and taxes
Interest paid
Taxable income
Taxes
Net income
Cash
Accounts receivable
Inventory
Total
Net fixed assets
Total assets
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
2021
2022
$ 310
$ 340
1,160
1,060
2,060
1,805
$ 3,530 $3,205
3,610
4,170
$ 7,140 $ 7,375
$ 9,990
8,190
495
$ 1,305
122
$ 1,183
414
$ 769
What is the days' sales in receivables for 2022?
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities & equity
2021
$ 1,710
1,200
3,540
690
2022
$ 1,985.
1,350
3,100
940
$ 7,140 $ 7,375
Transcribed Image Text:Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 $ 310 $ 340 1,160 1,060 2,060 1,805 $ 3,530 $3,205 3,610 4,170 $ 7,140 $ 7,375 $ 9,990 8,190 495 $ 1,305 122 $ 1,183 414 $ 769 What is the days' sales in receivables for 2022? Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,710 1,200 3,540 690 2022 $ 1,985. 1,350 3,100 940 $ 7,140 $ 7,375
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