Question: Define the cash conversion cycle (CCC) and explain why, holding other things constant, a firm's profitability would increase if it lowered its CCC? Please give

Define the cash conversion cycle (CCC) and explain why, holding other things constant, a firm's profitability would increase if it lowered its CCC? Please give an example of an industry with a high or low CCC and the reason why? ( 3 paraghraps enough )

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