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A firm buys equipment from manufacturers in Japan and sells them in the United States. On average, it is 20 days from the time that
A firm buys equipment from manufacturers in Japan and sells them in the United States. On average, it is 20 days from the time that the firm purchases merchandise until the time that the firm sells equipment to its customers. The company requires payments from its customers within 10 days. The firm's suppliers require payments within 13 days. How long is the cash conversion cycle? 30 days 25 days 17 days 19 days
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