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On average, it takes a company 20 days to collect its account receivables. Assume a year has 365 days. Firm's sales balance is 1 million

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On average, it takes a company 20 days to collect its account receivables. Assume a year has 365 days. Firm's sales balance is 1 million on income statement and all sales are on credit. What are the firm's investments in account receivable? $30,691.59$54,794.52$10,982.80$25,365.12 Question 15 (4 points) What is the effective cost of trade credit under the credit term 2/10, net 30. 35.10%45.01%39.12%44.58%

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