What is the days sales in receivables

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Reference no: EM131351113

Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,450 Less: Cost of goods sold 7,210 Less: Depreciation 410 Earnings before interest and taxes 830 Less: Interest paid 84 Taxable Income 746 Less: Taxes 261 Net income $ 485 Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions) 2008 2009 2008 2009 Cash $ 120 $ 140 Accounts payable $1,100 $1,140 Accounts rec. 940 790 Long-term debt 1,010 1,296 Inventory 1,480 1,510 Common stock $3,130 $2,930 Sub-total $2,540 $2,440 Retained earnings 530 714 Net fixed assets 3,230 3,640 Total assets $5,770 $6,080 Total liab. & equity $5,770 $6,080 What is the days' sales in receivables? (use 2009 values) 22.1 38.0 34.1 46.9 80.3

Reference no: EM131351113

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What is the days sales in receivables : Galaxy United, Inc. 2009 Income Statement ($ in millions) Net sales $8,450 Less: Cost of goods sold 7,210 Less: Depreciation 410 Earnings before interest and taxes 830 Less: What is the days' sales in receivables?

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