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7 years ago
Float is important in the cash conversion cycle of a firm because ________.
A) its presence reduces a firm's average collection period
B) its presence reduces a firm's average payment period
C) its presence lengthens both a firm's average collection period and its average payment period
D) its presence reduces the investment that a firm must make in its cash conversion cycle
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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