Question
Use the following information to answer the question that follow: Net Income : $205,000 Profit margin : 7.80% A/R : $151,642 Credit sales : 60%
Use the following information to answer the question that follow:
Net Income : $205,000
Profit margin : 7.80%
A/R : $151,642
Credit sales : 60% of total sales
Compute the days sales in receivables
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Strategic Management Theory And Cases An Integrated Approach
Authors: Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones
13th Edition
0357033841, 978-0357033845
