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In Problem 8, if accounts receivable change to $140,000, while credit sales are $1,440,000,

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In Problem 8, if accounts receivable change to $140,000, while credit sales are $1,440,000, should we assume the firm has a more or a less lenient credit policy? Hint: Recompute the average collection period.

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[Solved] In Problem 8, if accounts receivable change to $140,000, while credit sales are $1,440,000,

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