Question
A company has net income of $187,000, a profit margin of 9.40 percent, and an accounts receivable balance of $106,283. Assuming 64 percent of sales
A company has net income of $187,000, a profit margin of 9.40 percent, and an accounts receivable balance of $106,283. Assuming 64 percent of sales are on credit, what is the company's days' sales in receivables?
10.97 days
39.87 days
30.47 days
19.50 days
31.99 days
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Financial Intelligence For HR Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119130, 978-1422119136
