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You are the CEO of a company that has hired a new sales manager in the last year. The company’s sales have increased by 60 percent during that time; however, the company’s average collection period has increase from twelve days to thirty-five days. Identify possible reasons for this increase in the collection period and the implications to management of this increase. You should be able to answer this in four to five sentences

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Financial Management, Finance

Category:- Financial Management
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