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Oftentimes the difference between good financial performance and great financial performance is how effective your financial operations are in supporting the financial cycle. You are

Oftentimes the difference between good financial performance and great financial performance is how effective your financial operations are in supporting the financial cycle. You are the manager of an accounts receivable department in a very large clothing manufacturing company. Your CFO has asked you to look into how to achieve faster collection times. What are the options available and which would you choose for your company and why. Provide a numerical example and explain.

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