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A firm offers terms of 335 net 50 currently two-thirds of

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A firm offers terms of 3/35, net 50. Currently, two-thirds of all customers take advantage of the trade discount; the remainder pay bills at the due date.

a. What will be the firm's typical value for its accounts receivable period? Accounts receivable period days ?

b. What is the average investment in accounts receivable if annual sales are $20 million?Investment in accounts receivable million ?

Reference no: EM13569752

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