Question
Pet Store Inc. sells on terms of 2/10, net 55. What is the effective annual cost of trade credit under these terms? Use a 365-day
Pet Store Inc. sells on terms of 2/10, net 55. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form.
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
