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ABC, Inc. has credit sales of $ 8 2 8 , 0 0 0 , average accounts receivable of $ 6 4 , 1 0

ABC, Inc. has credit sales of $828,000, average accounts receivable of $64,100 and average accounts payable of $72,700. The inventory book value is $75,000. The cost of goods sold is equivalent to 68 percent of sales.
10.(29.(2 points) Compute the firms cash cycle. Round to the nearest 0.01. points) What are some things the firm can do to speed up (shorten) its cash cycle? Explain your response in complete sentences.
11.(2 points) A firm has an inventory turnover of 9.1 and an accounts payable turnover of 10.6. The accounts receivable period is 32.8 days. Compute the length of the cash cycle? Round to the nearest 0.01.

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