1. A company has net income of $1,265,000, a profit margin of 10.3 percent, and an accounts receivable balance of $645,300. Assuming 70 percent of sales are on credit, what is the company's days' sales in receivables?

1. A company has net income of $1,265,000, a profit margin of 10.3 percent, and an accounts receivable balance of $645,300. Assuming 70 percent of sales are on credit, what is the company's days' sales in receivables