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Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 50, and it currently pays on the 5 th day

Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 50, and it currently pays on the 5 th day and takes discounts. Lancaster plans to expand, which will require addit...

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