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Question 2 In May 2019, a public listed company SSK Corporation told its 1,000 suppliers that it would stretch out its bill payments to 40

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Question 2 In May 2019, a public listed company SSK Corporation told its 1,000 suppliers that it would stretch out its bill payments to 40 days from 30 days beginning on 1 June. The reason given was 'to control costs and optimize cash flow.' What impact did this change in payables policy have on SSK's operating cycle? Its cash conversion cycle? Explain. (7 marks)

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