Days Sales in Receivables A company has net income of 173,000, a profit margin of 8.6 per

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Days’ Sales in Receivables A company has net income of €173,000, a profit margin of 8.6 per cent and a trade receivables balance of €143,200. Assuming 75 per cent of sales are on credit, what is the company’s days’ sales in receivables?

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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Question Posted: Jul 15, 2024 10:11 AM

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Days Sales in Receivables A company has net income of 173,000, a profit margin of 8.6 per

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Corporate Finance

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