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Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,995,000 (all on credit),
Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,995,000 (all on credit), and its net profit margin was 8%. Its inventory turnover was 5.0 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $1,750,000. The firm had fixed assets totaling $505,000. Strickler's payables deferral period is 36 days. Assume a 365-day year. Do not round intermediate calculations
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