What are the days sales in receivable? Solve this question general Accounting Aretail company has $45,200 inreceivables and $180,000 in totalassets. The total asset turnover rateis 1.5, and the profit margin is 6percent.What are the days' sales in receivables?a) 38.45 daysb) 29.80 daysc) 60.75 daysd) 50.20 days

To find the days' sales in receivables, we follow these steps:

Answered: A retail company has $45,200 in…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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Similar questions

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A retail company has $45,200 in receivables and $180,000 in total assets. The total asset turnover rate is 1.5, and the profit margin is 6 percent. What are the days' sales in receivables? a) 38.45 days b) 29.80 days c) 60.75 days d) 50.20 days