Question
A firm has $10,700 in receivables and $165,600 in total assets. The total asset turnover rate is 1.5 and the profit margin is 6.5 percent.
A firm has $10,700 in receivables and $165,600 in total assets. The total asset turnover rate is 1.5 and the profit margin is 6.5 percent. What are the days' sales in receivables? 32.13 days 23.21 days 38.90 days 15.72 days
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
