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solina solina
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6 years ago
S.M., Inc. had total sales of $400,000 in 2014 (70 percent of its sales are credit). The company's gross profit margin is 10%, its ending inventory is $80,000, and its accounts receivable is $25,000. What amount of funds can be generated by the company if it increases its inventory turnover ratio to 10.0 and reduces its average collection period to 20 days?
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Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
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LutionalLutional
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solina Author
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Smart ... Thanks!
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