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12. (0,3 marks) Z has sales in year N of 600.000. Normally customers pay after 3 months. Receivables at 31.12.N total 80.000. Which of the following would appear a reasonable explanation of the anomaly ? a. Sales were much higher in the final quarter of the year b. Stock increased considerably in the final quarter c. Bank reduced considerably in the final quarter d. Sales were much lower in the final quarter of the year

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