19. 20

c. 120 d, 70 Question 19 A firm can reduce its cash conversion cycle by O a. increasing the average age of inventory O b. increasing the average collection period O c. decreasing the average payment period O d. increasing the average payment period uestion 20 When should a firm relax its credit standards? O a. When sales are expected to increase O b. When costs are expected to decrease c. When costs are expected to increase faster than sales if the standards are not relaxed Od. When the profit contribution from sales is greater than the cost contribution