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.
What is the net change in the cash conversion cycle?
A) -10 days
B) +2 days
C) +10 days
D) +14 days
Correct Answer:
Verified
Correct Answer:
Verified
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