On average, it takes Microlimp's customers 60 days to pay their bills. If Microlimp has annual sales

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On average, it takes Microlimp's customers 60 days to pay their bills. If Microlimp has annual sales of $500 million, what is the average value of unpaid bills?

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Principles of Corporate Finance

ISBN: 978-1259144387

12th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Nov 04, 2016 10:23 AM

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On average, it takes Microlimp's customers 60 days to pay their bills. If Microlimp has annual sales

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Principles of Corporate Finance

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