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A change in credit policy has caused an increase in sales, an increase in discounts taken, a decrease in the amount of bad debts, and
A change in credit policy has caused an increase in sales, an increase in discounts taken, a decrease in the amount of bad debts, and a decrease in the amount of bad debts, and a decrease in the investment in accounts receivable. Based upon this information, the company's Select the correct response. accounts receivable turnover has decreased percentage discount offered has decreased average collection period has decreased working capital has increased
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