Since hiring a new sales director, Steps Inc. has enjoyed a 50% increase in sales. The CEO
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Since hiring a new sales director, Steps Inc. has enjoyed a 50% increase in sales. The CEO has also noticed, however, that the company's average col- lection period has increased from 17 days to 38 days. What might be the cause of this increase? What are the implications to management of this increase?
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471730514
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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