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Home / Questions / Days' Sales in Receivables LO2 A company has net income of $186000 a profit margin of 79 p...

Days' Sales in Receivables LO2 A company has net income of $186000 a profit margin of 79 percent and an accounts receivable balance of $123 840 Assuming 70 percent of sales arc on credit

Days' Sales in Receivables [LO2] A company has net income of $186,000, a profit margin of 7.9 percent, and an accounts receivable balance of $123, 840. Assuming 70 percent of sales arc on credit, what is the company's days' sales in receivables?
 

Apr 09 2020 View more View Less

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