Multiple Choice
Billings Inc. has net income of $161,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days' sales in receivables?
A) 21.90 days
B) 27.56 days
C) 33.18 days
D) 35.04 days
E) 36.19 days
Correct Answer:
Verified
Correct Answer:
Verified
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