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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A: 1: Calculate the ProfitProfit = Amount Collected - Purchase Price= $195,000 - $185,000= $10,000 2:…
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