Problem 3.19 – Days’ Sales in Receivables Based on Net Income, Profit Margin, and Accounts Receivable

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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Difficulty – Medium

Determine the company's days' sales in receivables given its net income, profit margin, accounts receivable balance, and the percentage of sales on credit. Use a 365-day year for calculations and provide the answer to two decimal places.

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