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World Coffee, Inc. has provided the following information pertaining to the store's month ended October 31, 2016:
Receivables Period
The common interval for an enterprise to secure payments owed by its patrons.
Inventory Period
The average time it takes for a company's inventory to turn over or be sold.
Payables Period
The average amount of time it takes for a business to pay off its owed liabilities to suppliers or creditors.
Cash Cycle
It describes the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
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