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A company has net income of $184,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,168. Assuming 61 percent of sales
| A company has net income of $184,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,168. Assuming 61 percent of sales are on credit, what is the company's days' sales in receivables? |
Multiple Choice
20.85 days
34.18 days
44.08 days
13.33 days
35.89 days
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
