Question
The expected average accounts receivable is $182,466. The profit margin is 25% and the cost of external financing is 12%. If the retained earnings is
The expected average accounts receivable is $182,466. The profit margin is 25% and the cost of external financing is 12%. If the retained earnings is $45,617, what is the dollar cost of carrying the receivables?
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International Finance
Authors: Keith Pilbeam
3rd Edition
1403948372, 978-1403948373
