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Hi,
In part c, the answer mentioned that there is unusual trend in the collection period.Could you please explain why there is unusual trend?
Thank you..:)
The collection period for residential customers has increased by 7 days (65 – 58) – but for business customer has decreased by 5 days (50 – 55). Do you not think that unusual? If there was some change (whether “good” or “bad”) in credit control procedures, you might expect all receivables to be similarly affected.
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