Santa’s Sleigh Stockers 2024 Balance Sheet: Cash…
Santa’s Sleigh Stockers 2024 Balance Sheet: Cash $1,080 Accounts Payable $2,000 Short Term Investments 2,000 Accruals 2,880 Receivables 7,480 Notes payable 4,420 Inventories 8,000 Total current liabilities $9,300 Total current assets $18,560 Mortgage bonds 5,500 Net fixed assets 12,600 Common stock 4,500 Retained earnings 11,860 Total assets $31,160 Total liabilities and equity $31,160 Santa’s Sleigh Stockers 2024 Income Statement Sales $38,000 Operating costs 30,440 Earnings before interest and taxes $7,560 Interest 560 Earnings before taxes $7,000 Taxes (40%) 2,800 Net income $4,200 Dividends (75%) $3150 Addition to retained earnings $1,050 From the information provided Calculate: A. Payables Deferral Period B. Days Sales Outstanding C. Days in Inventory D. Cash Conversion Period. (3 points each)