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Question 2 (15 MARKS) Alma Corporation has $20 million of sales, $4 million of inventories, $2 million of account receivables, and $1 million of account

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Question 2 (15 MARKS) Alma Corporation has $20 million of sales, $4 million of inventories, $2 million of account receivables, and $1 million of account payables. Its cost of goods sold is 75% of sales. a. What is Alma's Cash Conversion Cycle (CCC)? (10 Marks) b. How can financial managers reduce their firm's cash conversion cycle? Discuss indicating all related factors and market considerations

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