CORPORATE FINANCE--CONNECT ACCESS CARD
12th Edition
ISBN: 9781264331062
Author: Ross
Publisher: MCG CUSTOM
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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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Chapter 26 Solutions
CORPORATE FINANCE--CONNECT ACCESS CARD
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