all answers must be entered in a formula

1. Calculate the company's days' sales in receivables. Connect Finance - Excel ? 6 * - 8 Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW B I U . B. - A Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A B C D E F G H I J A company has net income of $179,000, a profit margin of 8.3 percent, and an accounts receivable balance of $118,370. Assuming 70 percent of sales are on credit, what is the company's days' sales in receivables? 4 Net income Profit margin Accounts receivable Percent credit sales Days per year 179,000 8.30% 118,370 70% 365 110, Complete the following analysis. Do not hard code values in your answers. Total sales Credit sales Receivables turnover Days' sales in receivables