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As a treasurer of the universal bed corporation, aristotle procrustes is worried about his bad debt ratio, which is currently running at 6%. he believes
As a treasurer of the universal bed corporation, aristotle procrustes is worried about his bad debt ratio, which is currently running at 6%. he believes that imposing a more stringent credit policy might reduce sales by 5% and reduce the bad ratio by 4%. if the cost of goods sold is 80% of the selling price, should mr. procrustes adopt the more stringent policy
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