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A company has net income of $186,000, a profit margin of 9.80 percent, and an accounts receivable balance of $106,556. Assuming 68 percent of sales
A company has net income of $186,000, a profit margin of 9.80 percent, and an accounts receivable balance of $106,556. Assuming 68 percent of sales are on credit, what is the company's days' sales in receivables? |
rev: 09_17_2012
30.14 days
9.64 days
31.64 days
39.94 days
20.49 days
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