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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
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.
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Given Profit Margin Ratio 78 Total Asset Turnover Ratio 177 times Accounts Receivable 8...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
