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FOR PROBLEMS #5, and #6: Henson Cancer Research Center (HCRC) is an established research and treatment facility, located in the Blue Ridge Mountains. HCRC is

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FOR PROBLEMS #5, and #6: Henson Cancer Research Center (HCRC) is an established research and treatment facility, located in the Blue Ridge Mountains. HCRC is considering an expansion opportunity, but must first fully analyze the organization's financial health before moving forward with the expansion. The organization operates 365 days per year, generates $69,000,000 in annual revenues and currently utilizes an all-equity approach to financing. Earnings before interest and taxes is $10,000,000 and the organization holds $14,000,000 in assets. As a newly hired financial analyst, it is now your responsibility to perform the necessary calculations and provide a final report to the executive team. 5. Calculate the: a) Average Collection Period, b) Average Daily Sales and c) Current Receivables Balance if claims are paid on the following schedule: 15% in 30 days, 30% in 60 days, 35% in 90 days and 20% in 120 days. (20 points)

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