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Calculate the operating and cash cycles. How do you interpret your answer? Factoring Receivables Your firm has an average collection period of 42 days. Current practice is to factor all receivables immediately at a 2 percent discount.

Ross et al.: Fundamentals of Corporate Finance, Sixth Edition, Alternate Edition

VII. Short-Term Financial Planning and Management

19. Short-Term Finance and Planning

© The McGraw-Hill Companies, 2002

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