Compute average receivables in terms of days of receivables

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Reference no: EM132278566

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

Gross income: 15.8

Total sales: 12.9

Total credit sales: 9.1

Net income: 4.1

Cost of goods sold: 6.8

Total assets: 19.5

Average inventory: 2.8

Average receivables: 2.8

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

(provide 3 significant digits)

Reference no: EM132278566

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