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Pinnacle Corporation's accounts receivable balance was $350,000 at the beginning of the year and $280,000 at the end of the year. Pinnacle's percentage change calculation at the end of the current year is: a. 20% increase b. 20% decrease c. 25% increase d. 25% decrease

Pinnacle Corporation's accounts receivable balance was $350,000 at the beginning of the year and $280,000 at the end of the year. Pinnacle's percentage change calculation at the end of the current year is: a. 20% increase b. 20% decrease c. 25% increase d. 25% decrease

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter18: The Management Of Accounts Receivable And Inventories
Section: Chapter Questions
Problem 9P
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Pinnacle Corporation's accounts receivable balance was $350,000 at the beginning of the year and $280,000 at the end of the year. Pinnacle's percentage change calculation at the end of the current year is: a. 20% increase b. 20% decrease c. 25% increase d. 25% decrease
Transcribed Image Text:Pinnacle Corporation's accounts receivable balance was $350,000 at the beginning of the year and $280,000 at the end of the year. Pinnacle's percentage change calculation at the end of the current year is: a. 20% increase b. 20% decrease c. 25% increase d. 25% decrease
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