1. ABC Company currently has a cash cycle of 168 days. The firm is considering...
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Accounting
1. ABC Company currently has a cash cycle of 168 days. The firm is considering making some changes as follows: (i) decrease the inventory period by 26 days, (ii) decrease the accounts receivable period by 30 days, and (iii) decrease the accounts payable period by 70 days. Calculate the number of days in the new cash cycle after the above changes become effective? That is, what is the new cash cycle?
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