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:

Existential Import

The notion that a statement implies the existence of the subject matter it discusses.

Modern View

Modern View generally refers to the contemporary perspective or way of thinking about a particular topic or issue.

Existential Import

Refers to the assumption in logic that a statement implies the existence of the subject it mentions.

Modern View

A contemporary perspective or understanding of a subject, reflecting recent developments or ideas.