Question: Correct! Toyota should borrow at 7 . 6 % in order to receive the 2 , 9 1 0 % annualized discount. Toyota takes an

Correct! Toyota should borrow at 7.6% in order to receive the
2,910% annualized discount.
Toyota takes an average of 33 days to pay for average daily
credit purchases of $676,660. Its average daily sales are
$872,891 and it collects accounts in 42 days.
Correct! Toyota should borrow at 7.6% in order to receive the

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