Question
A company has net income of $184,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,282. Assuming 72 percent of sales
A company has net income of $184,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,282. Assuming 72 percent of sales are on credit, what is the company's days' sales in receivables?
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Handbook Of Key Global Financial Markets Institutions And Infrastructure
Authors: Gerard Caprio
1st Edition
0123978734, 9780123978738
