The net credit period for a company with terms of 3/15 net 40 is

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The net credit period for a company with terms of 3/15 net 40 is

The net credit period for a company with terms of 3/15 net 40 is

▸ 15 days.

▸ 55 days.

▸ 40 days.

▸ 25 days.

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Corporate Finance

Edition: 5^th

Author: Booth

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