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Assignment Saved Problem 3-19 Days' Sales in Receivables [LO2] A company has net income of $197,000, a profit margin of 9.8 percent, and an accounts
Assignment Saved Problem 3-19 Days' Sales in Receivables [LO2] A company has net income of $197,000, a profit margin of 9.8 percent, and an accounts receivable balance of $136.370. Assuming 75 percent of sales are on credit, what is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) days Days' sales in receivables
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