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Koury Hall currently has 64 days in its cash cycle and 149 days in its operating cycle. The firm purchases its inventory from one supplier.
Koury Hall currently has 64 days in its cash cycle and 149 days in its operating cycle. The firm purchases its inventory from one supplier. This supplier has offered a 5 percent discount to the firm if it will pay for its purchases within 10 days instead of the normal 37 days. If the firm opts to take advantage of the discount offered, its new operating cycle will be ______ days and its new cash cycle will be _____ days.
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