For a business that normally pays its suppliers right on time, what might a small decrease in accounts payable days indicate? I. It is paying more quickly to take advantage of discounts. II. It is paying more quickly than it needs to. III. It is paying more quickly to lengthen the trading cycle. IV. The need for short-term debt is increasing.

a. II and III only.

b. IV only.

c. I and III only.

d. I, II, and IV only.