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Jason Ice Cream Manufacturing has a cash conversion cycle of 110 days. However, the company's average age of accounts payable is 40days. If cash is
Jason Ice Cream Manufacturing has a cash conversion cycle of 110 days. However, the company's average age of accounts payable is 40days. If cash is received in 110 days but the company must pay its vendors in 40 days. What is a reasonable solution for the company to pay its vendors in 40 days? A. File for bankruptcy. B. Pay employees a bonus. C. Pay down debt. D. Borrow under the company's revolving credit facility
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