Business, 25.10.2019 23:43 19wawrzkeek

Afirm that makes 90% of its sales on credit and 10% for cash is growing at a constant rate of 10% annually. such a firm will be able to keep its accounts receivable at the current level, since the 10% cash sales can be used to finance the 10% growth

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Afirm that makes 90% of its sales on credit and 10% for cash is growing at a constant rate of 10% an...