A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,014. Assuming 69 percent of sales are on credit, what is the company's days' sales in...

A company has net income of $182,000, a profit margin of 9.90 percent, and an<br>accounts receivable balance of $106,014. Assuming 69 percent of sales are on credit,<br>what is the company's days' sales in receivables?<br>Multiple Choice<br>21.05 days<br>40.40 days<br>30.50 days<br>

Extracted text: A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,014. Assuming 69 percent of sales are on credit, what is the company's days' sales in receivables? Multiple Choice 21.05 days 40.40 days 30.50 days

Jun 10, 2022

SOLUTION.PDF

A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,014. Assuming 69 percent of sales are on credit, what is the company's days' sales in...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment