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20 Suppose the average collection period (ACP) of a firm falls from 45 days to 25 days and the firm has annual ( 365 days)

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20

Suppose the average collection period (ACP) of a firm falls from 45 days to 25 days and the firm has annual ( 365 days) sales of RM14.6 million. How will the firm's receivables change? Select one: A. Fall by RM40,000. B. Fall by RM800,000. c. Rise by RMB00,000. D4 Rise by RM40,000

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