Question: Taylor Glass has annual sales of 1 750 000 Although it extends

Taylor Glass has annual sales of $1,750,000. Although it extends credit for 30 days (n30), the receivables are 20 days overdue. What is the average accounts receivable outstanding, and how much could the company save in interest expense if customers paid on time and if it costs Taylor
Glass 10 percent to carry its receivables?

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  • CreatedMarch 19, 2015
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