Question
A company currently has a 51 day cash cycle. Assume the firm changes its operations such that it decreases its receivables period by 3 days,
A company currently has a 51 day cash cycle. Assume the firm changes its operations such that it decreases its receivables period by 3 days, increases its inventory period by 4 days, and increases its payables period by 1 day. What will be the length of the cash cycle after these changes?
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Finance And Financial Intermediation
Authors: Harold L. Cole
1st Edition
0190941707, 978-0190941703
