Multiple Choice
The Shoe Tree currently has an operating cycle of 199 days and a cash cycle of 54 days.The company is implementing some changes that will reduce the inventory period by 11 days, decrease the receivables period by 6 days, and decrease the accounts payable period by 4 days.How many days will be in the new cash cycle once all of these changes become effective?
A) 35 days
B) 45 days
C) 41 days
D) 33 days
E) 38 days
Correct Answer:
Verified
Correct Answer:
Verified
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