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A firm has a cash conversion cycle of 60 days. Ann...

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A firm has a cash conversion cycle of 60 days. Annual outlays are $12 million and the cost of negotiated financing is 12 percent. If the firm reduces its average age of inventory by 10 days, the annual savings is ________. Answer $104,000 $144,000 $28,800 $40,000

 

Paper#10251 | Written in 18-Jul-2015

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