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A firm has Net income- $195,000 Profit Margin- 10.0% Accounts Receivable- $100,000 Percent of Sales On Credit- 85% Fill out...

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Finance

A firm has

Net income- $195,000

Profit Margin- 10.0%

Accounts Receivable- $100,000

Percent of Sales On Credit- 85%

Fill out the rest of the information below, show all work andcalculations

Sales-?

Credit Sales-?

Receivables Turnover- ? Times

Days sales in Receivables- ? Days

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Transcribed Image Text

A firm hasNet income- $195,000Profit Margin- 10.0%Accounts Receivable- $100,000Percent of Sales On Credit- 85%Fill out the rest of the information below, show all work andcalculationsSales-?Credit Sales-?Receivables Turnover- ? TimesDays sales in Receivables- ? Days

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