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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
Please provide the necessary working and statements if applicable and all figures should be round off to the nearest decimal places.
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