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  3. a company has net income of $190,000, a profit mar

A company has net income of $190,000, a profit margin of 9.20 percent,...

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Question

Accounting

A company has net income of $190,000, a profit margin of 9.20 percent, and an accounts receivable balance of $106,369. Assuming 74 percent of sales are on credit, what is the company's days' sales in receivables?
Multiple Choice
34.60 days
26.67 days
6.61 days
25.40 days
18.80 days
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