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

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 and calculations

Sales-?

Credit Sales-?

Receivables Turnover- ? Times

Days sales in Receivables- ? Days

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Expert Solution

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jeff jeffy answered 5 months ago

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