Multiple Choice
Alpha Companies has an operating cycle of 328 days,a receivables period of 64 days,and a payables period of 98 days.If the firm revises its credit policy,it believes it can reduce its receivables period by 9 days.Given this revision,what will be the firm's new cash cycle?
A) 239 days
B) 241 days
C) 230 days
D) 221 days
E) 218 days
Correct Answer:
Verified
Correct Answer:
Verified
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