Multiple Choice
The Happy Flapjack Diner increased its operating cycle from 72 days to 74 days while the cash cycle decreased by 3 days.How have these changes affected the accounts payable period?
A) Decreased by 5 days
B) Decreased by 4 days
C) Decreased by 2 days
D) Increased by 2 days
E) Increased by 5 days
Correct Answer:
Verified
Correct Answer:
Verified
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