A company has net income of $194,000, a profit margin of 9.2 percent, and an accounts receivable balance of $133,370. Assuming 65 percent of sales are on credit, what are the days of company's accounts receivable sales? (Use all 365 days of the year. Do not round intermediate calculations and round your final answer to 2 decimal places (eg, 32.16).)

Days of sales in accounts receivable

days

Answer rating: 100% (QA)

First we need to calculate the companys total sales which we can find using the pro... View the full answer