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This Question: 1 pt The Hialeah Medical Corporation financial statements follow: EE (Click the icon to view the consolidated
Data Table Hialeah Medical Corporation Consolidated Statements of Financial Position December 31, 2018 2017 (In Millions) Ass
X Data Table Liabilities and stockholders equity: Current liabilities Accounts payable 6,006 7,710 $ 3,695 3,099 Accrued and
- X i Data Table CUTCIIL UVIEUGS 6,006 Accounts payable 7,710 S 3,695 3,099 Accrued and other liabilities 11,405 9,105 Total
Data Table Hialeah Medical Corporation Consolidated Statements of Income Year ended December 31, 2016 (In Millions, Except pe
X i Data Table C (In Millions, Except per Share Amounts) 2018 2017 2016 Net revenue 35,523 $ 30,969 42,544 $ 25,411 35,168 28
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Answer #1

Answer :a) 25 Days

Days in sales in receivables = average Accounts Receivables / Sales Reveue * 365 Days

For 2018

Average Accounts Receivables =( 3406+2400) /2

Net sales = 42,544

= 5,903 /42,544*365 = 24.90 = 25 days

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