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tryst energy inc. has an average age of inventory of 65 days, an average collection period of 60 days and an average payment period of 65 days. the firm's total annual outlays for operating cycle investments are $3.65 million. assuming a 365-day year, how much financing is required to support its cash conversion cycle? $559,000 $600,000 $700,000 $650,000

Answer :

$600,000 financing is required to support its cash conversion cycle.

Finance is the have a look at and area of cash, forex and capital property. it's miles associated with, but no longer synonymous with economics, the study of manufacturing, distribution, and consumption of money, assets, items and services (the discipline of economic economics bridges the two). Finance sports take vicinity in financial systems at various scopes, thus the field may be kind of divided into personal, company, and public finance. In a economic system, property are offered, bought, or traded as economic instruments, including currencies, loans, bonds, stocks, stocks, alternatives, futures, and many others.

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