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

Question 4 - 5 marks Use the following information to answer

Question 4 - 5 marks Use the following information to answer the question that follow: Net Income Profit margin A/R Credit sales $205,000 7.80% : $151,642 60% of total sales Compute the days' sales in receivables

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