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19 (6 points) Indicate which firm, of each pair, you would expect to grant shorter or longer credit periods (1 mark) and why (1 mark).
19 (6 points) Indicate which firm, of each pair, you would expect to grant shorter or longer credit periods (1 mark) and why (1 mark). a. One firm sells fishing tackle; the other specializes in fresh fruit and vegetables. (2 marks) b. One firm has an inventory turnover ratio of 5; and the other has a turnover of 10. (2 marks) c. One firm sells artist's paintings while the other business specializes in oil & gas pipelines. (2 marks)
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