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Problem 3 - 1 4 Days' Sales in Receivables A company has net income of $ 1 8 5 , 0 0 0 , a

Problem 3-14 Days' Sales in Receivables
A company has net income of $185,000, a profit margin of 8.4 percent, and an accounts receivable balance of $124,370. Assuming 70 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' sales in receivables
days
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