2. 19. Days sales in receivables [LO 3.2] A company has profit for the year of $196...
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2. 19.
Days’ sales in receivables [LO 3.2] A company has profit for the year of $196 500, a profit margin of 6.8 per cent and an accounts receivable balance of $119 630. Assuming 65 per cent of revenue is on credit, what is the company’s days’ sales in receivables?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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