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A firm has a cash conversion cycle of 60 days. Annual outlays are R12 million and the cost of negotiated financing is 12%. If this

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A firm has a cash conversion cycle of 60 days. Annual outlays are R12 million and the cost of negotiated financing is 12%. If this firm reduces its average age of inventory by 10 days, the annual saving is... 1. R 28 800 2. R 40 000 3. R104 000 4. R144 000

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