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Business, 02.04.2021 17:50 maddieb1011
A firm purchases raw material and pays for it after 30 days. The raw material is used to manufacture a finished good that is sold 20 days after the raw material is purchased. The customer pays for the finished good 40 days later. What is the firm's cash conversion cycle?
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Answers: 2
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A firm purchases raw material and pays for it after 30 days. The raw material is used to manufacture...
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