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(Answered) Days Sales in Receivables


This exercise is the Book Fundamentals of Corporate Finance Standard Edition 10 Chapter 3 Page 86 Question 19 A company has a net income of 179,000, a profit margin of 8.3 percent, and an accounts receivable balanceof $118,370. Assuming 70 percent of sales are on credit, What is the companys days sales in receivables? I try to find the result but the homework page have problems. Thanks
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Days Sales in Receivables

 


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