A firm currently has a 45 day cash cycle.Assume that the firm changes its operations such that it increases its receivables period by 2 days,decreases its inventory period by 1 day and increases its payables period by 3 days.What will the length of the cash cycle be after these changes?
A) 38 days
B) 39 days
C) 41 days
D) 43 days
E) 45 days
Correct Answer:
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