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Your firm currently has an operating cycle of 64 days. You are analyzing some operational changes which are expected to decrease the accounts receivable period by 3 days and decrease the inventory period by 2 days. The accounts payable turnover rate is expected to increase from 7 to 9 times per year. Before these changes take place, what is the company's cash cash cycle? (choose the closest answer.)

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Financial Management, Finance

Category:- Financial Management
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