Question
A company has net income of $185,000, a profit margin of 10.00 percent, and an accounts receivable balance of $106,834. Assuming 72 percent of sales
A company has net income of $185,000, a profit margin of 10.00 percent, and an accounts receivable balance of $106,834. Assuming 72 percent of sales are on credit, what is the company's days' sales in receivables?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
