A publisher reports that 64% of their readers own a laptop. A marketing executive wants to test the claim that the percentage is
1 answer:
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Answer:
Days of receivable will be 75 days
Explanation:
We have given net credit sales = $1200000
Net account receivable at the beginning = $290000
And receivable at the ending = $201000
Average receivable
Now receivables turnover ratio
Days of receivables =