What is the company days sales in receivables

Assignment Help Finance Basics
Reference no: EM131669399

A company has net income of $183,000, a profit margin of 7.7 percent, and an accounts receivable balance of $122,370. Assuming 80 percent of sales are on credit, what is the company's days' sales in receivables?

Reference no: EM131669399

Questions Cloud

Ytm of the bond in euros and in dollars : At the time of buying the bond, the exchange rate was 1.3824 [USD/EUR], now, three years later, find the exchange rate for the Euro.
What are the importance of having a distinctive strategy : What are the importance of having a Distinctive Strategy and Competitive Approach? Why are vision and mission statements important
Firm debt-equity ratio : Zombie Corp. has a profit margin of 6.1 percent, total asset turnover of 2.0, and ROE of 18.24 percent. What is this firm's debt-equity ratio?
Develop a product service idea : Develop a product service idea.Describe the product/service including the benefits of using the product/service.
What is the company days sales in receivables : Assuming 80 percent of sales are on credit, what is the company's days' sales in receivables?
What was the net loss in dollars : A.) Prince Albert Canning PLC had a net loss of £38,543 on sales of £200,252. What was the company's profit margin?
Are the mean numbers of daily visitors to a ski resort same : Are the mean numbers of daily visitors to a ski resort the same for the three types of snow conditions? Suppose that Table shows the results of a study.
Think of a current political issue with global implications : Think of a current political issue with global implications. Briefly describe a rational approach to addressing the issue.
Write about business practices from cultures around world : Write a paper about Business Practices from Cultures Around the World, incorporate six other empirical studies, based on the same topic.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd