Question: Correct! Toyota should borrow at 7 . 5 % in order to receive the 2 , 9 5 0 % annualized discount. Toyota takes an

Correct! Toyota should borrow
at 7.5% in order to receive the
2,950% annualized discount.
Toyota takes an average of 32
days to pay for average daily
credit purchases of $668,660.
Its average daily sales are
$862,571 and it collects
accounts in 41 days.
What is their net credit
position?
Correct! Toyota should borrow at 7.5% in order to receive the

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