What is the company’s days’ sales in receivables

Reference no: EM13292044

A company has net income of $180,000, a profit margin of 7.5 percent, and an accounts receivable balance of $119,370. Assuming 80 percent of sales are on credit, what is the company's days' sales in receivables?

Reference no: EM13292044

Questions Cloud

Explain pure benzene has a boiling point of and a boiling : Determine the boiling point of a solution that contains 78.8 g of naphthalene (C10H8) dissolved in 722 mL of benzene (d = 0.877 g/mL). Pure benzene has a boiling point of 80.1°C and a boiling point elevation constant of 2.53°C/m.

What is the pebbles speed and acceleration : Your roommate is working on his bicycle and has the bike upside down. He spins the 54.0cm -diameter wheel, What is the pebbles speed and acceleration

What is the book value of merrimac interest- bearing debt : Merrimac Brewing company's total assets equal $18 million. The book value of Merrimac's equity is $6 million. The market value of Merrimac's equity is $10 million. It's Debt to Value ratio is .5. What is the book value of Merrimac's interest- bear..

Find the speed of a satellite in geosynchronous orbit : Communications satellites are placed in a circular orbit where they stay directly over a fixed point on the equator as the earth rotates. find the speed of a satellite in geosynchronous orbit

What is the company’s days’ sales in receivables : A company has net income of $180,000, a profit margin of 7.5 percent, and an accounts receivable balance of $119,370. Assuming 80 percent of sales are on credit, what is the company’s days’ sales in receivables?

Explain the coefficients for the gerade ungerade notation : Can write the valence electron configs for the period 2 homonuclear diatomic molecules, but I don't understand the coefficients for this gerade/ungerade notation

What is the npv of the expansion : To raise the $10,000,000 Stonehedge will need to issue new securities at a weighted average flotation cost of 10%. What is the NPV of the expansion?

Find direction of the velocity of ball relative to ground : Two soccer players, Mia and Alice, are running as Alice passes the ball to Mia. What is the magnitude and direction of the velocity of the ball relative to the ground

how david can combine resistors to obtain for watts : David has a collection of resistors of various values, but all are rated for the same power capacity of 2 watts. Show how he can combine resistors to obtain an effective resistance of 50 ohms rated for 10 watts.

User Account

All Pages