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solution EXERCISE 3: CASH INFLOW FROM TRADE PAYABLES Calculate the amount of additional cash that a company could raise from suppliers if its trade credit

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EXERCISE 3: CASH INFLOW FROM TRADE PAYABLES Calculate the amount of additional cash that a company could raise from suppliers if its trade credit is extended by 10 days. Assume that the company's trade payables are $300,000 and that it buys $2,300,000 from various suppliers yearly

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