Assuming 80 percent of sales are on credit what is the


A company has net income of $183,000, a profit margin of 7.7 percent, and an accounts receivable balance of $122,370. Assuming 80 percent of sales are on credit, what is the company's days' sales in receivables?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Assuming 80 percent of sales are on credit what is the
Reference No:- TGS02464929

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)