Describe some measures a firm can take to decrease its cash conversion cycle .
Question:
Describe some measures a firm can take to decrease its cash conversion cycle.
Cash Conversion CycleCash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,...
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The cash conversion cycle can be decreased by decreasing the invento...View the full answer
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Related Book For
Essentials of Managerial Finance
ISBN: 978-0324422702
14th edition
Authors: Scott Besley, Eugene F. Brigham
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