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A company's net sales are $8,500,000, cost of goods sold is $6,200,500 and accounts receivable are $2,150,000. What is the impact on cash flow and
A company's net sales are $8,500,000, cost of goods sold is $6,200,500 and accounts receivable are $2,150,000.
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Step: 1
To assess the impact of a 9day reduction in accounts receivable days on cash flow and financing need...
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