What is the effective annual cost of trade credit

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1. Pets Store Inc. sells on terms of 2/15, net 70. What is the effective annual cost of trade credit under these terms? Use a 365-day year.

2. A retailer with high inventory turnover is likely to have a. high gross margin returns on investments b. low operating costs c. low employee turnover d. high profits

Reference no: EM131309626

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