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What is the current level of the accounts receivable

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Question - XYZ Corporation has a 10% opportunity cost of funds.  The firm has annual sales of $30 million a year, which are 80% on credit and spread evenly over the year. The average collection period is currently 60 days.  XYZ is considering to offer terms of "2/10, net 60". What is the current level of the accounts receivable?

Reference no: EM133143495

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