A company has a net income of $225,000, a profit margin of 9%, and an accounts receivable balance of $145,800. If 75% of its sales are on credit, what is the company's days' sales in receivables?
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- What are the company's days sales in receivables?What is the company's sales in receivable?A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable balance of $123,370. Assuming 60 percent of sales are on credit, what is the company’s days’ sales in receivables?
- A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable turnover and average number of collectiondays. How do these numbers relate to the terms of 2/10, n/30?need help this questionsA company has a net income of $250,000, a profit margin of 9.2%, and accounts receivable balance of $150,000. Assuming 60% of sales are not credit, what is the company's days' sales in receivable?