Hat is the companys days sales in receivables

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A company has net income of $191,000, a profit margin of 9.4 percent, and an accounts receivable balance of $130,370. Assuming 70 percent of sales are on credit, what is the company’s days’ sales in receivables?

Reference no: EM131014243

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Hat is the companys days sales in receivables : A company has net income of $191,000, a profit margin of 9.4 percent, and an accounts receivable balance of $130,370. Assuming 70 percent of sales are on credit, what is the company’s days’ sales in receivables?

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