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Basset Stores Company and Fox Stores Inc, are large retal debartment stores. Both companies offer credit to their customers through their one credi card operations.
Basset Stores Company and Fox Stores Inc, are large retal debartment stores. Both companies offer credit to their customers through their one credi card operations. Information from the financial st vears is as follows (al numbers are in millions); a. (1) Determine the accounts receivable fimover for both compunies. Round to one decimal ploce. Batsett Stores Fox Stares b. What condusion can be drainn regarding the two companies and their credit card polices
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