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QUESTION

A company has net income of $189,000, a profit margin of 7.2 percent, and an accounts receivable balance of $128,370.

A company has net income of $189,000, a profit margin of 7.2 percent, and an accounts receivable balance of $128,370. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables? (Use 365 days a year. Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16))
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