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Advice of the credit manager on the financial statement

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Reference no: EM13524404

The CFO of PQR Inc. was advised by his credit manager to give better credit terms to new customers to induce sales. The CFO was concerned about the effects of doing the same on the financial statements, such as total assets and return on total assets. In your opinion, what could be the possible effects of following the advice of the credit manager on the financial statement items?

Reference no: EM13524404

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