Ellsbury Corporation has a goal to reduce its cash conversion cycle. Which of the following actions, holding all else equal, is likely to accomplish this goal?

Multiple Choice

Ellsbury increases the efficiency of its production process, reducing by $10\%$ the average time it takes to convert raw materials to finished products.

Ellsbury increases its cash$/$assets ratio from $12\%$ to $15\%.$

Ellsbury changes the credit terms it offers to customers, allowing them to pay in $45$ days instead of $30$ days.

Ellsbury starts paying off all outstanding invoices to suppliers twice a month instead of once a month.