Co., a company that manufactures and distributes clothing. You have estimated the following figures for the coming
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Co., a company that manufactures and distributes clothing. You have estimated the following figures for the coming year as shown in Table Q3. East Meets West Co. imports most of its materials from overseas countries, especially Indonesia. The high inflation rates in Indonesia have meant that the company's cost of materials has risen rapidly over recent years. This has led to a significant deterioration in the company's margins, which, coupled with its increasing liquidity problems, is making the shareholders nervous.
(a) Determine the cash operating cycle, to the nearest day.
(b) Describe TWO (2) methods to reduce the length of the cash operating cycle.
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