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1. What are the 5 Cs of credit that are sometimes used by bankers and other creditors to determine whether a loan will be made? Why is character the most important?

2. Donalds Plumbing Supplies has annual sales of exist6, 025,000. Sixty percent are on credit. The firm has $585,000 in accounts receivable. Compute the value of the average collection period (be sure to read page 63 regarding days in the year for this calculation).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92395050

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