Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

= B I Uab x x? ADA a 21 Styles Styles Pane The Business has net income of $189,000, a profit margin of 9.80 percent,

image text in transcribed
= B I Uab x x? ADA a 21 Styles Styles Pane The Business has net income of $189,000, a profit margin of 9.80 percent, and an accounts receivable balance of $106,136. Assuming 65 percent of sales are on credit, what is the company's days' sales in receivables? Multiple Choice 32.45 days 10.82 days 40.70 days 20.09 days 30.90 days The Market has sales of $4,600, total assets of $3,475, and a debt-equity ratio of 1.50. If its return on equity is 17 percent, what its net income? $590.75 $236.30 $782.00 $57.79 $178.51 of 2 116 words English (United States) Focus X IPTV sty W

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones Of Financial Accounting

Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones

1st Edition

0324657730, 9780324657739

More Books

Students also viewed these Finance questions