Multiple Choice
During the year the following changes were observed. (I.) Inventory period increased by 12 days
(II) ) Receivables period decreased by 6 days
(III.) Accounts payable period increased by 4 days
Find the net change in cash conversion cycle.
A) -10 days
B) +2 days
C) +10 days
D) +14 days ∆cash conversion cycle = (∆inventory period + ∆receivables period) - ∆accounts receivable period
Correct Answer:
Verified
Correct Answer:
Verified
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