(Solution) - Since hiring a new sales director Percy Inc has enjoyed -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Since hiring a new sales director, Percy Inc. has enjoyed a 50% increase in sales. The CEO has also noticed, however, that the company?s average collection period has increased from 17 days to 38 days. What might be the cause of this increase? What are the implications to management of this increase?