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Accounting
TCS Ltd. has a net income of $215,000, a profit margin of 9.2%, and an accounts receivable balance of $132,500. Assuming 75% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed)

TCS Ltd. has a net income of $215,000, a profit margin of 9.2%, and an accounts receivable balance of $132,500. Assuming 75% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed)

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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Round your answer to whole number of needed

TCS Ltd. has a net income of $215,000, a profit margin of 9.2%, and an accounts receivable balance of $132,500. Assuming 75% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed)
Transcribed Image Text:TCS Ltd. has a net income of $215,000, a profit margin of 9.2%, and an accounts receivable balance of $132,500. Assuming 75% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed)
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