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Michael Jackson, Inc. currently has an operating cycle of 154 days and a cash cycle of 38 days. The firm is implementing some changes that

Michael Jackson, Inc. currently has an operating cycle of 154 days and a cash cycle of 38 days. The firm is implementing some changes that will reduce the inventory period by 16 days and decrease the receivables period by 4 days on average. The accounts payable period will be decreased by 4 days. How many days will be in the new cash cycle once all of these changes become effective?

15 days

16 days

22 days

55 days

61 days

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