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Question 92

Multiple Choice

\quad \quad \quad \quad \quad \quad \quad \quad Windswept, Inc.
\quad \quad \quad \quad \quad \quad \quad 2008 Income Statement
\quad \quad \quad \quad \quad \quad \quad \quad ($ in millions)
Net sales  Less: Cost of goods sold  Less: Depreciation Earnings before interest and taxes  Less: Interest paid Taxable Income Less: Taxes  Net income $8,4507,24040081070$740259$481\begin{array}{c}\begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text {Less: Taxes } &\\ \text { Net income } &\\\end{array}\begin{array}{r}\$ 8,450 \\7,240 \\\underline{400} \\ 810 \\\underline{ 70} \\ \$ 740 \\\underline{ 259} \\\underline{ \$ 481}\end{array}\end{array}
   \quad    \quad    \quad    \quad    \quad    \quad    \quad    \quad  Windswept, Inc.    \quad    \quad    \quad    \quad    \quad    \quad    \quad  2008 Income Statement   \quad    \quad    \quad    \quad    \quad    \quad    \quad    \quad   ($ in millions)   \begin{array}{c} \begin{array}{lll}  \text {Net sales  }   \\  \text { Less: Cost of goods sold } &&\\  \text { Less: Depreciation } &\\  \text {Earnings before interest and taxes  } &\\  \text { Less: Interest paid } &\\  \text {Taxable Income  } &\\  \text { Less: Taxes  } &\\  \text {  Net income } &\\ \end{array} \begin{array}{r} \$ 8,450 \\ 7,240 \\ \underline{400} \\  810 \\ \underline{ 70} \\  \$ 740 \\ \underline{ 259} \\ \underline{ \$ 481} \end{array} \end{array}    -Refer to the above TableIn 2008, how many days on average did it take Bayside to sell its inventory? A) 126.1 days B) 127.9 days C) 153.8 days D) 176.5 days E) 178.9 days
-Refer to the above TableIn 2008, how many days on average did it take Bayside to sell its inventory?


A) 126.1 days
B) 127.9 days
C) 153.8 days
D) 176.5 days
E) 178.9 days

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