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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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