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deliverance corporation has annual credit sales of $56.0 million. its ceo boasts of the fastest receivables turnover in the industry because he never has more

deliverance corporation has annual credit sales of $56.0 million. its ceo boasts of the fastest receivables turnover in the industry because he never has more than 36 days of sales in receivables. is he correct, if receivables at the end of last quarter were approximately $8.0 million? jwi530

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