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Grunewald Industries sells on terms of 2/10, net 60. Gross sales last year were $5,000,500 and accounts receivable averaged $582,250. Half of Grunewald's customers paid

Grunewald Industries sells on terms of 2/10, net 60. Gross sales last year were $5,000,500 and accounts receivable averaged $582,250. Half of Grunewald's customers paid on the 10th day and took discou...

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