A company has net income of $183,000, a profit margin of 10.00 percent, and an accounts receivable balance of $106,816.
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A company has net income of $183,000, a profit margin of 10.00 percent, and an accounts receivable balance of $106,816. Assuming 76 percent of sales are on credit, what is the company’s days’ sales in receivables?
rev: 09_17_2012
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