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3. During class we reviewed 2 Key Efficiency Ratios - Average Collection Period and Inventory Turnover. What are the key components of these 2 ratios?

3. During class we reviewed 2 Key Efficiency Ratios - Average Collection Period and Inventory Turnover. What are the key components of these 2 ratios? (2 marks), What potential financial impact can both of these have on the success of a business

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