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Asthma Medicine (Pty) Ltd is a drug retailing company that sells prescribed medication to customers on credit. The company had a net profit margin of
Asthma Medicine (Pty) Ltd is a drug retailing company that sells prescribed medication to customers on credit. The company had a net profit margin of 10%, an average collection period of 50 days, and a return on asset of 20% on the total asset of R2 000 000. All things being equal, what is the value of the companys average trade receivable based on 365 days in a year
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