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    10-day vs 40-day cash conversion cycle

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    What are the advantages of a 10-day, rather than a 40-day, cash conversion cycle? What are the disadvantages? What would you recommend for a health care organization?

    In your response, please reference the excerpt attched from McLean, Robert A. (2003). Financial Management in Health Care Organizations (2nd ed.). Albany, NY: Delmar Publishers.

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    https://brainmass.com/business/management-accounting/day-versus-day-cash-conversion-cycle-78195

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    What are the advantages of a 10-day, rather than a 40-day, cash conversion cycle? What are the disadvantages? What would you recommend for a health care organization?

    If you have a 10-day cash conversion cycle, it means that the cash that you have spent on customer services returns to you after 10 days. This cycle is better than the situation when the cash that you have spent returns after ...

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    Clear, concise response to question in everyday langauge.

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