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A firm has day's sales in inventory of 105 days, an average collection period of 35 days, and takes 42 days, on average, to pay
A firm has day's sales in inventory of 105 days, an average collection period of 35 days, and takes 42 days, on average, to pay its accounts payable. Taken together, what do these three figures imply about the firm's operations and its cash flows?
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