During the Year the Following Changes Were Observed

question 96

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

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