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Question
| 2015 | 2016 | |
| Current assets | $860 | $896 |
| Current liabilities | 710 | 818 |
| Debt in current liabilities | 1 | 39 |
| Long-term debt | 506 | 408 |
| Total assets | 2,293 | 2,307 |
| Capital expenditures | 111 | 117 |
| Change in deferred taxes | –29 | –20 |
| Sales | 4,100 | 4,192 |
| Operating expenses | 3,307 | 3,260 |
| Rental expense | 0 | 248 |
| General expenses | 562 | 528 |
| Depreciation | 139 | 136 |
| Interest expense | 39 | 30 |
| Income taxes | 5 | 8 |
Using the preceding table, if receivables, inventories, and other current assets are $520 in 2015, then what is the number of days in cash?
a) 28 days.
b) 29 days.
c) 30 days.
d) 31 days.
Answer
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