Question
D&M sells its inventory in 67 days on average. Their customers generally charge their purchases on a credit card with payment being received in 2
D&M sells its inventory in 67 days on average. Their customers generally charge their purchases on a credit card with payment being received in 2 days. The company takes 61 days on average to pay for its purchases. Given this information, what is the length of the companys cash cycle?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
