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A company has net income of $199,000, a profit margin of 9.20 percent, and an accounts receivable balance of $106,442. Assuming 65 percent of sales

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A company has net income of $199,000, a profit margin of 9.20 percent, and an accounts receivable balance of $106,442. Assuming 65 percent of sales are on credit, what is the company's days' sales in receivables? Multiple Choice 29.01 days 9.67 days 27.63 days 36.83 days 17.96 days

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