Question: Please answer ASAP Question 2 Chelsea Bhd is concerned about managing cash efficiently. On average, inventory is held for 90 days, accounts receivable is collected

Please answer ASAP Question 2 Chelsea Bhd is concerned about managing

Please answer ASAP

Question 2 Chelsea Bhd is concerned about managing cash efficiently. On average, inventory is held for 90 days, accounts receivable is collected in 60 days and accounts payable is paid 30 days after it arises. Required: What is the firm's cash conversion cycle? b. Discuss how management might be able to reduce the cash conversion cycle. a

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