Question: Correct! Toyota should borrow at 5 . 3 % in order to receive the 1 , 6 1 0 % annualized discount. Toyota takes an

Correct! Toyota should borrow at 5.3% in order to receive the 1,610% annualized discount.
Toyota takes an average of 25 days to pay for average daily credit purchases of $522,860. Its average daily sales are $674,489 and it collects accounts in 26 days.
Correct! Toyota should borrow at 5 . 3 % in order

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