Question: Question 4 - 5 marks Use the following information to answer the question that follow: Net Income : $205,000 Profit margin : 7.80% A/R :

Question 4 - 5 marks

Use the following information to answer the question that follow:

Net Income : $205,000

Profit margin : 7.80%

A/R : $151,642

Credit sales : 60% of total sales

Compute the days' sales in receivables

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