=4/A company makes annual sales of 10m (excl. VAT) and is subject to VAT at a rate

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=4/A company makes annual sales of €10m (excl. VAT) and is subject to VAT at a rate of 20%.

Its actual collection time is 75 days. What is the average outstanding amount receivable?

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Corporate Finance Theory And Practice

ISBN: 9781118849330

4th Edition

Authors: Pierre Vernimmen, Pascal Quiry, Maurizio Dallocchio, Yann Le Fur, Antonio Salvi

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Question Posted: Jul 31, 2024 05:02 AM

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=4/A company makes annual sales of 10m (excl. VAT) and is subject to VAT at a rate

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Corporate Finance Theory And Practice

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