
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Compute

Transcribed Image Text:Wilson Finance purchased $200,000 in accounts
receivable from Harrison Manufacturing for $185,000.
After 120 days, Wilson Finance was able to collect
$195,000 from the receivables.
Determine the rate of return on this investment for
Wilson Finance.
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