CORPORATE FINANCE - CONNECT ACCESS
12th Edition
ISBN: 9781264054893
Author: Ross
Publisher: MCG
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Chapter 26, Problem 11CQ
Summary Introduction
To explain: All firms do not increase payable period to shorten cash cycle.
Payable Period:
The time period starts when the company purchase raw material from supplier and pay cash back to the supplier this time period is the payable period. Generally large companies lengthen payable period to get the benefit of cash.
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CORPORATE FINANCE - CONNECT ACCESS
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