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Established in 1990, Apple Orange Inc. Corp. has a gross profit margin of 31.7% on net sales of USD9,865,214 and total assets of USD7,125,852. The

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Established in 1990, Apple Orange Inc. Corp. has a gross profit margin of 31.7% on net sales of USD9,865,214 and total assets of USD7,125,852. The company has a current ratio of 2.7 times, accounts receivable of USD1,715,363, cash and marketable securities of USD315,488, and current liabilities of USD870,938. Instruction: a) If management sets a target DSO of 30 days, what should the company's accounts receivable be? b) Identify and describe the noncash expenses that a company may incur in day-to-day business situation

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