6. Nono Corp. has a profit margin ratio of 7.8% and a total asset turnover ratio...

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6. Nono Corp. has a profit margin ratio of 7.8% and a total asset turnover ratio of 1.77 times. Accounts receivables are $88,100 while total assets are $823,700. Given all this information for NoNo Corp. calculate the days sales in receivables ratio. 6. Nono Corp. has a profit margin ratio of 7.8% and a total asset turnover ratio of 1.77 times. Accounts receivables are $88,100 while total assets are $823,700. Given all this information for NoNo Corp. calculate the days sales in receivables ratio.

Answer rating: 100% (QA)

The days sales in receivables ratio DSO measures how many days on average it takes for a company to collect its accounts receivable It is calculated as DSO Accounts ReceivableAverage Daily Sales First ... View the full answer