Brilliant Balloons,a party balloon manufacturer,buys latex on credit on September 1.It processes this latex to make balloons on September 6 and pays cash for the latex on September 14.On September 19 it sells the balloons to a party supply retailer,and on October 5 receives cash payment for this sale.What is the length of the cash cycle in this case?

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The cash cycle is the time it takes for a company to convert cash into inventory, sell the inventory, and collect the cash from the sale. In this case, the cash cycle is 21 days:- The company buys latex on credit on September 1.- The company processes the latex to make balloons on September 6.- The company pays cash for the latex on September 14.- The company sells the balloons to a party supply retailer on September 19.- The company receives cash payment for the sale on October 5.

Brilliant Balloons,a Party Balloon Manufacturer,buys Latex on Credit on September