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A company has net income of $199,000, a profit margin of 7.8 percent, and an accounts receivable balance of $138,370. Assuming 75 percent of sales
A company has net income of $199,000, a profit margin of 7.8 percent, and an accounts receivable balance of $138,370. Assuming 75 percent of sales are on credit, what is the companys days sales in receivables? (Use 365 days a year. Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16)) Days' sales in receivables days
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