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A company has net income of $186,000, a profit margin of 7.9 percent, and an accounts receivable balance of $123,840. Assuming 70 percent of sales

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A company has net income of $186,000, a profit margin of 7.9 percent, and an accounts receivable balance of $123,840. Assuming 70 percent of sales are on credit, what is the company's days' sales in receivables? $ Net income Profit margin Accounts receivable Percent credit sales Days per year $ 186,000 7.90% 123,840 70% 365 1 12 Complete the following analysis. Do not hard code values in your calculations. Total sales Credit sales -6 17 18 19 Receivables turnover 20 21 Days' sales in receivables 22

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