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A company has net income of $180,000, a profit margin of 9.50 percent, and an accounts receivable balance of $106,216. Assuming 69 percent of sales

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A company has net income of $180,000, a profit margin of 9.50 percent, and an accounts receivable balance of $106,216. Assuming 69 percent of sales are on credit, what is the company's days' sales in receivables? Multiple Choice 2 9.19 days 31.14 days 20.46 days 39.15 days 29.65 days

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