A company has net income of $190,000, a profit margin of 9.1 percent, and an accounts receivable balance of $129,370. Assuming 85 percent of sales are on credit, what is the company’s days’ sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a.
What is the equity multiplier?