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2. (TCO 2) Which one of the following actions will decrease the operating cycle? (Points : 3) eliminating all inventory items that are slow sellers

2. (TCO 2) Which one of the following actions will decrease the operating cycle? (Points : 3) eliminating all inventory items that are slow sellers delaying payments to suppliers paying suppliers faster increasing the amount of inventory on the shelves granting customers more time to pay for their credit purchases 3. (TCO 2) Assume Green Leaf Nursery anticipated sales of $500 in the first quarter. Accounts receivable at the beginning of the year was $300. Assuming a collection period of 30 days, which is the approximate beginning balance for the second quarter? (Points : 3) $550 $630 $250 $170 None of the above

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