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b) Average Collection Period Gross revenue 16,000,000 Avg. receivables before new policy 876,712 % paying early 40.0% Avg. receivables after new policy Note: customers must
b) Average Collection Period Gross revenue 16,000,000 Avg. receivables before new policy 876,712 % paying early 40.0% Avg. receivables after new policy Note: customers must pay within 20 days of invoice. To get the discount, they must pay within 10 days of invoice. figure out avg rec after new policy
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
