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Vanity Press, Inc., has annual credit sales of $1.6 million and a gross profit margin of 35 percent. a. If the firm wishes to m...Asked by Ilene
Vanity Press, Inc. has annual credit sales of $1.6 million and a gross profit margin of 35 percent.
A. if the firm wishes to maintain an avearage collection period of 50 days, what level of accounts receivables should it carry? Assume a 365 day year
A. if the firm wishes to maintain an avearage collection period of 50 days, what level of accounts receivables should it carry? Assume a 365 day year