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ade Company used to maintain a high cash balance, have a low accounts receivable turnover, and keep large amounts of inventory to avoid stock-outs. Its
ade Company used to maintain a high cash balance, have a low accounts receivable turnover, and keep large amounts of inventory to avoid stock-outs. Its policy has now changed so that its cash balance is as low as feasible, it collects its accounts receivable twice as fast as before, and it maintains the absolute minimum level of inventory. Compared to the old policy, the new one would: Question 20Answer a. be more aggressive, lead to a lower income, and be less risky. b. be less aggressive, lead to a lower income, and be less risky. c. be less aggressive, lead to a higher income, and be less risky. d. be more aggressive, lead to a higher income, and be more risky
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