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florida1014 florida1014
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Montreal Bagel Bakery collects 70% of its monthly sales immediately and the rest a month later. Its production costs are 65% of sales. It holds 1 month of sales in inventory, and it pays half its bills immediately and half after 30 days. Calculate the cash conversion cycle and the operating cycle for Montreal Bagel Bakery.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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moyo966moyo966
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