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A company's current revenue is $10,000,000. The sales manager estimated that sales should increase by 10% during the follov year. The trade receivables manager estimates
A company's current revenue is $10,000,000. The sales manager estimated that sales should increase by 10% during the follov year. The trade receivables manager estimates that the new level of trade receivables will remain unchanged. (a) What is the company's average collection period in days? (b) What is the company's expected level of revenue? (c) What is the company's new average collection period in days? A company's current revenue is $10,000,000. The sales manarer estimated that sales should increase by 10% during the following year. The trade receivables manager estimates that the new level of trade receivables will remain unchanged. (a) What is the company's average collection period in days? (b) What is the company's expected level of revenue? (c) What is the company's new average collection period in days? A company's current revenue is $10,000,000. The sales manager estimated that sales should increase by 10% during the follov year. The trade receivables manager estimates that the new level of trade receivables will remain unchanged. (a) What is the company's average collection period in days? (b) What is the company's expected level of revenue? (c) What is the company's new average collection period in days? A company's current revenue is $10,000,000. The sales manarer estimated that sales should increase by 10% during the following year. The trade receivables manager estimates that the new level of trade receivables will remain unchanged. (a) What is the company's average collection period in days? (b) What is the company's expected level of revenue? (c) What is the company's new average collection period in days
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