Chapter 2, Problem 2.4E

Compute Rousseau's working capital

Horizon Corp. has a net income of $275,000, a profit margin of 8.3%, and an accounts receivable balance of $178,000. Assuming 80% of sales are on credit, what are the company's days' sales in receivables?

General Accounting

See an attachment for details General accounting question not need ai solution

None

I need help finding the accurate solution to this general accounting problem with valid methods.

Can you help me solve this accounting question using the correct financial procedures?

General accounting question

What is the cost of goods sold?