Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Willa LLC has NI of a profit margin of 2 0 % , NI of $ 4 5 6 k , and an accounts receivable

Willa LLC has NI of a profit margin of 20%, NI of $456k, and an accounts receivable balance of
$76K. Assuming 52% of sales are on credit, what is the company's days' sales in receivables to the
nearest whole day?
23
None of the answer provided are correct
22
25
24
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What would the person you most admire do?

Answered: 1 week ago

Question

What could you do?

Answered: 1 week ago

Question

What is the most outrageous thing you could do?

Answered: 1 week ago