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Suppose a firm has sales of $2 million in 2020 and 2021, but its days receivable increases from 10 days to 20 days. What is
Suppose a firm has sales of $2 million in 2020 and 2021, but its days receivable increases from 10 days to 20 days. What is the net effect on cash flow (assume 360 days in a year)?
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