Question
A firm has $28,700 in receivables and $165,600 in total assets. The total asset turnover rate is 1.85 and the profit margin is 7 percent.
A firm has $28,700 in receivables and $165,600 in total assets. The total asset turnover rate is
1.85 and the profit margin is 7 percent. What are the days' sales in receivables?
Answer
10.69 days
34.19 days
52.38 days
90.37 days
117.03 days
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Computational Techniques In Economics And Finance
Authors: Constantin Zopounidis
1st Edition
1613245580, 978-1613245583
