A firm currently has a 29.3-day cash cycle.Assume the firm changes its operations such that it decreases its receivables period by 2.7 days,increases its inventory period by 1.4 days,and decreases its payables period by 2.4 days.What will the length of the cash cycle be after these changes?
A) 32.5 days
B) 33.2 days
C) 35.6 days
D) 30.4 days
E) 39.1 days
Correct Answer:
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