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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

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
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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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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