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Jayne's Gourmet Delivery is in its second year of operation. All sales are on credit and the business has a credit term of 30 days.

Jayne's Gourmet Delivery is in its second year of operation. All sales are on credit and the business has a credit term of 30 days. You have just worked out that the receivables turnover is 8 times this year. Comment on the effectiveness of the collection policy.

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