Windswept, Incorporated
2022 Income Statement
(in millions)
Net sales
$ 9,850
Cost of goods sold
8,090
Depreciation
485
Earnings before interest and taxes
$ 1,275
Interest paid
118
Taxable income
$ 1,157
Taxes
405
Net income
$ 752
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
2021
2022
2021
2022
Cash
$ 290
$ 320
Accounts payable
$ 1,630 $ 1,885
Accounts receivable
1,120
1,020
Long-term debt
1,180
1,340
Inventory
2,000
1,775
Common stock
3,500
3,080
Total
$ 3,410 $ 3,115
Retained earnings
670
920
Net fixed assets
3,570 4,110
Total assets
$ 6,980 $ 7,225 Total liabilities & equity
$ 6,980 $ 7,225
What is the days' sales in receivables for 2022?