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Ch. 26 Flashcards | Quizlet 67E Question 8 6 pts The Shoe Tree currently has an operating cycle of 170 days and accounts payable of

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Ch. 26 Flashcards | Quizlet 67E Question 8 6 pts The Shoe Tree currently has an operating cycle of 170 days and accounts payable of 123 days. The company is implementing some changes that will reduce the inventory period by 10 days, decrease the receivables period by 8 days, and decrease the accounts payable period by 5 days. How many days will be in the new cash cycle once all of these changes become effective? 44 days 33 days 40 days 41 days 34 days

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