Question
Quick Getaway Ltd has net income of $196,000, a profit margin of 9.70 percent, and an accounts receivable balance of $106,518. Assuming 75 percent of
| Quick Getaway Ltd has net income of $196,000, a profit margin of 9.70 percent, and an accounts receivable balance of $106,518. Assuming 75 percent of sales are on credit, what is the company's days' sales in receivables? |
Multiple Choice
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25.65 days
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35.35 days
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26.94 days
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6.41 days
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19.24 days
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
