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Your firm operates with the following working capital policies and a 90% cost of goods sold. Accoutns receivable: all due in 1 month; Accounts payable:
Your firm operates with the following working capital policies and a 90% cost of goods sold. Accoutns receivable: all due in 1 month; Accounts payable: 50% immediately, 50% in one month; Inventory: 1.5 months of sales.
a) Calculate the rate at which the firm could grow its sales from month to month without needing external capital
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