What is the company days sales in receivables

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Reference no: EM131829011

1. A company has net income of $184,000, a profit margin of 9.90 percent, and an accounts receivable balance of $106,282. Assuming 72 percent of sales are on credit, what is the company's days' sales in receivables?

2. You are renting an apartment with a market price $110000, and the current market interest rate per month is 0.8%. What would be a "fair" non-profit monthly rent in dollars for such apartment (provided that you live forever and make your rent payments on time each month)?

Reference no: EM131829011

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