Question
A firm takes 20 days to collect credit sales on average. The average accounts receivable for the firm is currently $3,000,000. If the net income
A firm takes 20 days to collect credit sales on average. The average accounts receivable for the firm is currently $3,000,000. If the net income for the firm is $4,000,000 , what is the net profit margin for the firm?
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
