Question: Assume a company has been maintaining a receivables factoring program for the past five years and has been experiencing the same level of sales, factoring,

Assume a company has been maintaining a receivables factoring program for the past five years and has been experiencing the same level of sales, factoring, and bad debts over that period. Customers typically pay their receivables within

60

days. Which of the following is true with respect to the current period

(

all else equal

) ?

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