A firm currently has a 36 day cash cycle.Assume the firm changes its operations such that it decreases its receivables period by 3 days,increases its inventory period by 2 days,and decreases its payables period by 3 days.What will the length of the cash cycle be after these changes?
A) 32 days
B) 33 days
C) 35 days
D) 38 days
E) 39 days
Correct Answer:
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