Question: I need the correct answer to this general accounting problem using the standard accounting approach. Horizon Electronics has a net income of $560,000, a profit

I need the correct answer to this general accounting problem using the standard accounting approach.

Horizon Electronics has a net income of $560,000, a profit margin of 8 percent, and an accounts receivable balance of $630,000. If 70 percent of Horizon's sales are on credit, calculate the company's days' sales in receivables

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