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What is the number of days sales in receivables

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Reference no: EM132913891

Problem 1: The accounts receivable turnover for the year is 9.5. Net sales for the period are $100,000. What is the number of days' sales in receivables?

Option 1: 44.3 days

Option 2: 38.4 days

Option 3: 24.7 days

Option 4: 30.8 days

Reference no: EM132913891

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