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10 of sales are made for cash Proon expects to receive 60 in the month following the sale and 25 in the second month following

10 of sales are made for cash Proon expects to receive 60 in the month following the sale and 25 in the second month following the sale The remaining 5 are expected to be un collectible Gross margin is 25 and purchases are made one month prior to sale Purchases are paid one month after received

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