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Please find the below attached question and give the answer properly. 10. As treasurer of the Universal Bed Corporation, Aristotle Procrustes is worried about his
Please find the below attached question and give the answer properly.
10. As treasurer of the Universal Bed Corporation, Aristotle Procrustes is worried about his bad debt ratio, which is currently running at 6%. He believes that imposing a more stringent credit policy might reduce sales by 5% and reduce the bad debt ratio to 4%. If the cost of goods sold is 80% of the selling price, should Mr. Procrustes adopt the more stringent policy
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