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What was the average collection period for 2015?
Gross Profits
The difference between the revenue a company earns from selling its products or services and the cost of goods sold.
Payoff Table
A matrix that outlines the various outcomes of strategies or decisions given differing conditions or states.
States of Nature
Various possible scenarios or outcomes in a decision-making problem that are not controlled by the decision maker.
Gross Profits
The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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