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Industries has sales in 2006 of $40M 20 percent of which were cash. Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances? (assume a 365 day year)

William Oil Company had a return on stockholders' equity of 18 percent during 2006. Its total asset turnover was 1.0 times, and its equity multiplier was 2.0 times. Calculate the company's net profit margin.

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Industries has sales in 2006 of $40M, 20 percent of which were cash. Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances? (assume a 365 day year)

Accounts Receivable ...

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