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Business, 20.09.2020 18:01 coolkason

A company has net income of $386,000, a profit margin of 8.6 percent, and an accounts receivable balance of $191,300. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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A company has net income of $386,000, a profit margin of 8.6 percent, and an accounts receivable bal...

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