1. A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable balance of $123,370. Assuming 60 percent of sales are on credit, what is the company’s days’ sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
2. Please describe a couple paragraphs about Trends in mobile ERP (Enterprise resource planning), provide examples (context of the financial management of information systems)