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1. Assume that Sequoia's collection period is 60 days. What would be its cash receipts in May? What would be its accounts recelvable balance at

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1. Assume that Sequoia's collection period is 60 days. What would be its cash receipts in May? What would be its accounts recelvable balance at the end of May? 2. Now assume that Sequoia's collection period is 45 days. What would be its cash receipts in May? What would be its accounts recelvable balance at the end of May

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