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What is the receivables turnover ratio for 2011 (rounded to two decimal places) ?
Regressive Income Tax
A taxation method where the tax rate falls as the amount being taxed grows.
Opportunity Cost
The cost of foregone alternatives, representing the benefits one could have received by taking a different decision.
Substitution Effect
The change in consumption patterns due to a change in relative prices, leading consumers to substitute one product for another.
Demand Curve
A curve showing the relation between the price of a good and the quantity consumers are willing and able to buy per period, other things constant.
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