What is the difference between operating cycle and cash, Risk Management

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What is the difference between operating cycle and cash

1. What is the difference between operating cycle and cash cycle?

2. How do the following changes in working capital terms affect the cash conversion cycle:

(a) favourable credit terms that allow the firm to pay its trade creditors more slowly,

(b) increase in inventory turnover and (c) decrease in accounts receivable turnover?

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