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A firm has $15 million of sales, inventories $2m, receivables $3.5m and payables $1.5m. CGS is 75% of sales. Calculate CCC. If inventories and receivables

A firm has $15 million of sales, inventories $2m, receivables $3.5m and payables $1.5m. CGS is 75% of sales. Calculate CCC. If inventories and receivables are decreased by 11% each and payables are increased by 9%. Calculate the new CCC and find the change in cash amount

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