What are the day's sales in receivables on these general accounting question? Apollo Enterprises has $25,800 in receivables and $145,000 in totalassets. The total asset turnover rate is 1.5, and the profit margin is 6percent. What are the days' sales in receivables?a. 49.73 days.b. 43.30 days.c. 64.93 days.d. 59.12 days.

Step 1: Define Days' Sales in ReceivablesDays' Sales in Receivables is a financial ratio that…

Answered: Apollo Enterprises has $25,800 in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Apollo Enterprises has $25,800 in receivables and $145,000 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. 49.73 days. b. 43.30 days. c. 64.93 days. d. 59.12 days.