A firm has 28700 in receivables and 165600 in total assets
A firm has $28,700 in receivables and $165,600 in total assets. The total asset turnover rate is 1.85 and the profit margin is 7 percent. What are the days' sales in receivables?
Answer
10.69 days34.19 days52.38 days90.37 days117.03 days
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