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A. ford corp. has a net income of $3 millions a net profit margin...

A. ford corp. has a net income of $3 millions a net profit margin of 10% and accounts receivable of $6 millions. if 75%of sales are in credit, what is their receivable turnover? What are their days sales in receivables?

 

b. Char just refinanced his home mortgage with a 30 year $250000 loan that has an APR of 5% with monthly payments of $1342.05 what is the effective annual rate on char loan?

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