Snowball Technology Inc. 2019 Income Statement (\$ in millions) Net sales $9,780
Cost of goods sold 8,040
Depreciation 480
Earnings before interest and taxes $1,260
Interest paid 116
Taxable income $1,144
Taxes 400
Net income $744
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Snowball Technology Inc. 2018 and 2019 Balance Sheets (\$ in millions) 2018 2019
Cash $280 $310
Accounts rec. 1,100 1,000 Inventory 1,970 1,760 Total $3.350 $3.070
Net Fixed Assets 3.550 4.080
Total Assets $6.900 $7.150
Accounts payable $1,590 $1,835
​Long-term debt 1,170 1,335
Common stock 3,480 3,070
Retained earnings 660 910
Total Liab and Quality $6.900 $7.150
Assuming all sales are credit sales, the days' sales in receiyables is O 83.31 days
O 37.32 days O 39.19 days O 36.81 days O 51.05 days