A companys cash conversion cycle increased from 55 days in year 1 to 68 days in year

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A company’s cash conversion cycle increased from 55 days in year 1 to 68 days in year 3.

What are the implications of this increase? What do you think happens to the cash conversion cycles of companies during a recession?

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Financial Accounting

ISBN: 9781292019543

3rd Global Edition Edition

Authors: Robert Kemp, Jeffrey Waybright, Pearson Education

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