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In A/R management, if we reduce days in A/R by speeding collections, which of the following statements are both true and smart financial decisions. Select
In A/R management, if we reduce days in A/R by speeding collections, which of the following statements are both true and smart financial decisions. Select all that apply.
1. We can pay off outstanding debt
2. We can reinvest into non-cash assets that generate some financial return.
3. We can increase our accounts receivable without growing revenue.
4. We can invest in expansions or grow service lines.
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