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Question - Ives Corp. has an inventory period of 22.6 days, an accounts payable period of 37.7 days, and an accounts receivable period of 31.9 days. What is the company's cash cycle?
A. 92.2 days
B. 28.4 days
C. 54.5 days
D. 47.0 days
E. 16.8 days
Accounting Basics, Accounting
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