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1 p t s A company has a net income of $ 2 6 5 , 0 0 0 , a profit margin of 8

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1pts
A company has a net income of $265,000, a profit margin of 8.3%, and an accounts receivable balance of $200,000. Assuming 70% of sales are on credit, what is the company's days' sales in receivables? Use 365 days.
23.27
28.41
32.66
40.83
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