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Exercise 9-11 Determining whether it's a real sale (LO9-3) Blue, Inc, sells playground equipment to schools and municipalities. It mails invoices at the end of

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Exercise 9-11 Determining whether it's a real sale (LO9-3) Blue, Inc, sells playground equipment to schools and municipalities. It mails invoices at the end of each month.for all goods shipped during that month; credit terms are net 30 days. Sales and accounts receivable data for 201,202, and 203 follow: Required: 1. Calculate the rates of increase in sales and in recelvables during 202 and 203. (Do not round intermediate calculations. Round "Sales grew" answers to the hearest whole percent and "Receivables grew" answers to 1 decimal place.) 2. Do your calculations indicate any potential problems with Blue's recelvables

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