A firm with a cash conversion cycle of 175 days wants to stretch its a
A firm with a cash conversion cycle of 175 days wants to stretch its average payment period from 30 days to 45 days. This will result in a(n) ________ in the cash conversion cycle of ________ days.
A) increase; 15
B) decrease; 15
C) increase; 45
D) decrease; 45
ANSWER
B
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