Days sales in receivables a company has net income of


Days' Sales in Receivables. 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?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Days sales in receivables a company has net income of
Reference No:- TGS02242393

Expected delivery within 24 Hours