Use the Table for the Question(s)below

question 60

Multiple Choice

Use the table for the question(s) below.
Luther Enterprises Ltd had sales of $850 million and a cost of goods sold of $500 million in 2016.
A simplified balance sheet for the firm appears below:
-Which of the following would increase a firm's cash conversion cycle?

• A)increase inventory days
• B)decrease accounts receivable days
• C)increase cash days
• D)increase accounts payable days

---

Definitions:

Sample Size

The number of observations or data points that constitute a sample drawn from a population.

Standard Deviation

A measure of the distribution of data points around the mean, indicating how spread out the data points are.

Frequency Distribution

An organized tabulation of the number of instances that each value or category of a variable occurs in a data set.

GMAT Scores

Numerical scores resulting from taking the Graduate Management Admission Test, used by graduate business schools for admissions purposes.