A company has net income of 213,700 a profit margin of 7.1 percent, and an accounts receivable balance of 126,385. Assuming 65 percent of sales are on credit, what is the company's days sales in receivables?

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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A company has net income of 213,700 a profit margin of 7.1 percent, and an accounts receivable balance of 126,385. Assuming 65 percent of sales are on credit, what is the company's days sales in receivables?

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