Problembillings inc has net income of 161000 a profit, Ask an Expert

Accounting

Problem:

Billings, Inc has net income of $161,000, a profit margin o 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit.

Required:

Question: What is the days' sales in receivables?

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170054

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