Question
a company has a net income of $179,000, a profit margin of 8.3%, and an accounts receivable balance of $118,370. Assuming 70 percent of sales
a company has a net income of $179,000, a profit margin of 8.3%, and an accounts receivable balance of $118,370. Assuming 70 percent of sales are on credit, what is the company's days' sales in receivables?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
