Question
Jacob Atnip &Company has a net income of $196,500, a profit margin of 6.8 percent, and an accounts receivable balance of $119,630. Assuming 65% of
Jacob Atnip &Company has a net income of $196,500, a profit margin of 6.8 percent, and an accounts receivable balance of $119,630. Assuming 65% of sales are on credit, what is the company's days' sales outstanding (DSO) for receivables?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
