What is the effective annual cost of trade credit

Reference no: EM132036088

Question: Pet Store Inc.sell on terms of 2/20 net 50. What is the effective annual cost of trade credit under these terms? Use 365 day year. Round answer to two decimal places in percentage form. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132036088

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What is the effective annual cost of trade credit : Pet Store Inc.sell on terms of 2/20 net 50. What is the effective annual cost of trade credit under these terms? Use 365 day year.

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