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Louis Inc. has net income $2,500,000, a profit margin of 8% and accounts receivables of $1,000,000. Assuming 75% of sales are on credit, calculate the
Louis Inc. has net income $2,500,000, a profit margin of 8% and accounts receivables of $1,000,000. Assuming 75% of sales are on credit, calculate the company's days sales in receivables. (Round to 2 decimals)
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