Chapter 3, Problem 3.1IP

A company currently has a 42-day cash cycle. The firm adjusts its operations and makes the following changes: . • • It reduces its inventory period by 3 days It increases its receivables period by 5 days It increases its payables period by 4 days What will be the new length of the cash cycle after these changes?

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A company reports total liabilities of $3,500 and stockholders' equity of $2,400. What is the amount of total assets?

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