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Question 4 - 5 marks Use the following information to answer the question that follow: begin{tabular}{lc} Net Income & :$205,000 Profit margin & 7.80%
Question 4 - 5 marks Use the following information to answer the question that follow: \begin{tabular}{lc} Net Income & :$205,000 \\ Profit margin & 7.80% \\ A/R & $151,642 \\ Credit sales & 60% of total sales \\ Compute the days' sales in receivables \end{tabular}
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