The effective annual rate of nonfree trade credit if the


Lima Corporation makes purchases on credit, and its suppliers grant it credit terms of 2/15, net 30. Assuming there are 360 days in a year, the effective annual rate of non–free trade credit if the firm did not take discounts but did pay on the due date is?

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Financial Management: The effective annual rate of nonfree trade credit if the
Reference No:- TGS02347036

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