Nike Inc. reported net sales of $610,000 for the year. The beginning accounts receivable balance was $51,000 and the ending balance was $47,000. Calculate Nike Inc.'s days' sales in receivables.
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Nike Inc. reported net sales of $610,000 for the year. The beginning accounts receivable balance was $51,000 and the ending balance was $47,000. Calculate Nike Inc.'s days' sales in receivables.
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