Average receivables in terms of days of receivables

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Reference no: EM131727273

The financial data of a firm during the past year is as follows: (all values are in millions of dollars)

Gross income: 15.3

Total sales: 12.7

Total credit sales: 8.8

Net income: 3.1

Cost of goods sold: 7.8

Total assets: 19

Average inventory: 1.7

Average receivables: 3.4

Compute the average receivables in terms of "days of receivables" (= 365 * average receivables / annual credit sales)

(provide 3 significant digits)

Reference no: EM131727273

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