Question
A company has net income of $263,000, a profit margin of 7.4 percent, and an accounts receivable balance of $165,700. Assuming 80 percent of sales
A company has net income of $263,000, a profit margin of 7.4 percent, and an accounts receivable balance of $165,700. Assuming 80 percent of sales are on credit, what is the company's days' sales in receivables?
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
