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Which one of the following statements is correct concerning the cash cycle? Multiple Choice o The longer the cash cycle, the more likely a firm

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Which one of the following statements is correct concerning the cash cycle? Multiple Choice o The longer the cash cycle, the more likely a firm will need extemal financing o Increasing the accounts payable period increases the cash cycle. o Accepting a supplier's discount for early payment decreases the cash cycle. o The cash cycle can exceed the operating cycle if the payables period is equal to zero, o Offering early payment discounts to customers will tend to increase the cash cycle

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