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Which one of the following statements is INCORRECT? a. Determining and managing the correct level of working capital are important steps in generating long-term value.
Which one of the following statements is INCORRECT?
a. Determining and managing the correct level of working capital are important steps in generating long-term value.
b. NPV analysis should be at the core of establishing a sound credit policy.
c. Management should optimize the operating cycle and cash cycle.
d. Operating efficiently requires as much money as possible tied up in working capital.
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