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Q1.Assume a 365-day year. Calculate Account Receivable with the following information. Total Sales=800 million Cash Sales=70 million Average collection days=10 Q2. The net profit margin

Q1.Assume a 365-day year. Calculate Account Receivable with the following information.

Total Sales=800 million Cash Sales=70 million Average collection days=10

Q2. The net profit margin of a firm is 8% and its total asset turnover is 1.5. What is firms Return on Investment?

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