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A firm can reduce the cash conversion cycle by selling fewer goods on credit.
Net Operating Income
The profit generated from a business's core operations, excluding expenses and revenues from non-operating activities.
Estimated
Refers to approximate calculations or judgments about figures or values that are not precisely known.
Finished Goods Inventory
Inventory that consists of items that have completed the manufacturing process but have not yet been sold to customers.
Budgeted
Pertaining to amounts or figures that have been planned for in a budget, predicting future income and expenditures.
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