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Gunton Corp. has net income of $179,000, a profit margin of 8.30%, and an accounts receivable balance of $118,370. Assuming 70% of sales are on
Gunton Corp. has net income of $179,000, a profit margin of 8.30%, and an accounts receivable balance of $118,370. Assuming 70% of sales are on credit, what are the Guntons days sales in receivables? (Use 365 days a year.
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