Find the company-s days sales in receivables
A company has net income of $180,000, a profit margin of 8.0%, and an accounts receivable balance of $140,000. Assuming 75% of sales are on credit, what are the company's days' sales in receivables?
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A profit margin of 8.0%, and accounts receivable balance of $140,000. Suppose 75% of sales are on credit, find the company's days' sales in receivables?
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