Question
A company has net income of $184,000, a profit margin of 9.70 percent, and an accounts receivable balance of $106,014. Assuming 69 percent of sales
| A company has net income of $184,000, a profit margin of 9.70 percent, and an accounts receivable balance of $106,014. Assuming 69 percent of sales are on credit, what is the company's days' sales in receivables? |
choose one.
31.04 days
9.16 days
29.56 days
39.26 days
20.40 days
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
