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Linda_us, Finance, Accounts & Homework Tutor
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Primrose Corp has $15 million of sales, $2 million of inventories,

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Primrose Corp has $15 million of sales, $2 million of inventories, $3 million of receivales, and $1 million of payables. Its cost of goods sold is 80 percent of sales, and it finances working capital with bank loans at an 8 percent rate. What is Primrose's cash conversion cycle (CCC)? If Primrose could lower its inventories and receivable by 10 percent each and increase its payables by 10 percent, all without affecting either sales or cost of goods sold, what would the new CCC be, how much cash could be freed up, and how would that affect pre-tax profits?
Submitted: 5 years ago.
Category: Homework
Expert:  Linda_us replied 5 years ago.

Thanks for requesting me. Whats your deadline for this question.


Customer: replied 5 years ago.


Expert:  Linda_us replied 5 years ago.
I will post the solution soon.


Expert:  Linda_us replied 5 years ago.

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