A firm has annual operating outlays of $1,800,000 and a cash conversio
A firm has annual operating outlays of $1,800,000 and a cash conversion cycle of 60 days. If the firm currently pays 12 percent for financing and reduces its cash conversion cycle to 50 days, the annual savings is ________. (Assume a 365-day year.)
A) $4,652.19
B) $3,065.86
C) $5,917.81
D) $2,160.23
ANSWER
C
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