Question: A company has net income of 265 000 a profit
A company has net income of $ 265,000, a profit margin of 9.3 percent, and an accounts receivable balance of $ 145,300. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?
Answer to relevant QuestionsThe Le Bleu Company has a ratio of long- term debt to total assets of .35 and a current ratio of 1.25. Current liabilities are $ 950, sales are $ 5,780, profit margin is 9.4 percent, and ROE is 18.2 percent. What is the ...Bulla Recording, Inc., wishes to maintain a growth rate of 12 percent per year and a debt–equity ratio of .40. Profit margin is 5.3 percent, and the ratio of total assets to sales is constant at .75. Is this growth rate ...Solve for the unknown number of years in each of thefollowing:The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $ 15,000 per year forever. If the required return on this investment is 5.2 percent, how much will you pay for the ...Southern California Publishing Company is trying to decide whether to revise its popular textbook, Financial Psychoanalysis Made Simple. The company has estimated that the revision will cost $ 75,000. Cash flows from ...
Post your question