What is the days sales


Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 8,950 Less: Cost of goods sold 7,490 Less: Depreciation 425 Earnings before interest and taxes $ 1,035 Less: Interest paid 94 Taxable Income $ 941 Less: Taxes 329 Net income $ 612 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 170 $ 200 Accounts payable $ 1,150 $ 1,285 Accounts rec. 880 780 Long-term debt 1,060 1,280 Inventory 1,640 1,595 Common stock $ 3,260 $ 2,960 Total $ 2,690 $ 2,575 Retained earnings 550 800 Net fixed assets 3,330 3,750 Total assets $ 6,020 $ 6,325 Total liab. & equity $ 6,020 $ 6,325 What is the days' sales outstanding? (use 2010 values, not an average) 31.81 days 33.85 days 62.62 days 45.01 days 31.37 days

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Financial Management: What is the days sales
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