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Gammaro Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the
Gammaro Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Gammaro Corporation has experienced the following collection pattern 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale 18% of the credit sales are never received
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