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(A) What is the length of the cash cycle for a firm with $50,000 in average inventory, $60,000 in average receivables, $101,000 in average payables,
(A) What is the length of the cash cycle for a firm with $50,000 in average inventory, $60,000 in average receivables, $101,000 in average payables, annual sales of $700,000, and a gross profit margin of 25%? Explain your results.
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