Last month, BlueSky Airline announced that it would stretch out its bill payments to 45 days from
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Last month, BlueSky Airline announced that it would stretch out its bill payments to 45 days from 30 days. The reason given was that the company wanted to “control costs and optimize cash flow.” The increased payables period will be in effect for all of the company’s 4,000 suppliers.
What impact did the announcement have on BlueSky’s suppliers?
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The announcement by BlueSky Airline to stretch out its bill payments from 30 days to 45 days is like...View the full answer
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Related Book For 
Corporate Finance
ISBN: 9781265533199
13th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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