Problema company has net income of 199000 a profit margin, Ask an Expert

Finance

Problem:

A company has net income of $199,000, a profit margin of 7.8 percent, and an accounts receivable balance of $138,370. Assuming 75 percent of sales are on credit,

Required:

Question: What is the company's days' sales in receivables?

Note: Explain all calculation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149015

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