On average, what is the minimum length of two Wheeler's operating cycle? The maximum length?
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Expert's answer
2015-06-28T00:00:42-0400
At the microlevel, the operating cycle, which indicates the speed and turnover of corporate cash flow, also influences the corporate cash-holding strategy. Firms flexibly adjust their cash-holding strategies in response to changes in the internal and external environment, which is referred to as the cash adjustment strategy.
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