Multiple Choice
A firm has determined its cash-to-cash cycle time to be 60 days. The number of days' payables outstanding is 25, and number of days' sales outstanding is 35. If the firm reduces its inventory by 20%, the new cash-to-cash cycle time, in days, will be approximately:
A) 48.
B) 50.
C) 60.
D) 88.
Correct Answer:
Verified
Correct Answer:
Verified
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