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Helena Furnishings wants to reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle? The company reduces its average
Helena Furnishings wants to reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle?
The company reduces its average inventory without increasing its sales.
The company increases its days sales outstanding (DSO).
The company starts paying its bills sooner, which reduces its average accounts payable without reducing its sales.
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