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c) Garrett industries turn over its inventory 6 times each year; It has an average collection period of 45 days and an average payment period

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c) Garrett industries turn over its inventory 6 times each year; It has an average collection period of 45 days and an average payment period of 30 days. The firm's annual operating cycle investment is $ 3 million. Assume 360 day year Calculate (marks 6) a. firm's operating cycle, b. cash conversion cycle, C. its daily cash operating expenditure, d. the amount of resources needed to support its CCC

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