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A Firm with sales of $4,000,000 has accounts receivable of $1,000,000. The industry average for days sales outstanding is 40 days. What is the potential

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A Firm with sales of $4,000,000 has accounts receivable of $1,000,000. The industry average for days sales outstanding is 40 days. What is the potential savings in interest expense if the cost of credit is 10 percent and the firm achieves the industry average

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